Netflix, Ted Sarandos
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Netflix co-CEO Ted Sarandos on Tuesday tried to reassure lawmakers in the Senate that bigger can be better
Netflix co-CEO Ted Sarandos on Tuesday faced skeptical lawmakers during a Senate hearing on his company’s pending $83 billion deal to acquire Warner Bros. Discovery’s streaming and film assets.
The Senate hearing comes as Netflix hopes to acquire Warner Bros Discovery in an $83 billion merger, though David Ellison’s Paramount has also put in a bid for WBD.
Senators from both parties grilled Netflix co-CEO Ted Sarandos over the $83B Warner Bros. deal, questioning "woke" content and Trump ties.
Netflix co-CEO Ted Sarandos defended the streamer's $83 billion Warner Bros. deal during testimony to the Senate Judiciary's subcommittee on antitrust, competition policy, and consumer rights on Tuesday.