US EditionNetflix Struggles to Defend Warner Bros Merger at US Senate Hearing
Netflix and Warner Bros. executives faced bipartisan Senate scrutiny over competition, jobs, and pricing as the $83 billion merger awaits Department of Justice review.
- U.S. Senators questioned Netflix Co-CEO Ted Sarandos about the company's proposed $82.7 billion acquisition of Warner Bros Discovery during a Senate hearing about its potential impact on competition in the entertainment industry.
- Senator Mike Lee stated that the merger could decrease competition and reduce job opportunities, warning that consolidating two major employers within the same market could significantly weaken competition.
- Sarandos assured that Netflix would maintain a 45-day theatrical release for Warner Bros films and claimed the merger would provide consumers with more content for less.
- Senator Cory Booker expressed frustration over Paramount's absence from the hearing, noting the concern that such mergers would increase corporate control over media consumption.
86 Articles
86 Articles
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Netflix CEO clashes with MAGA senator over 'agenda' to push trans shows on kids
Netflix CEO Ted Sarandos clashed with a MAGA senator Josh Hawley after he accused the streamer of pushing “transgender ideology”. Sarandos went before the Senate on Tuesday (3 February) to answer questions about Netflix’s merger with Warner Bros. Instead of focusing on if the merger would result in a monologue, Missouri senator Josh Hawley focused on repeatedly questioning the streamer’s supposed “agenda” to indoctrinate children into becoming…
Ted Sarandos was asked about the mega deal between Netflix and Warner. He said that if the deal goes through, theaters won't be shut down and consumers will get more content for less money.
Ted Sarandos, director general of the content-based streaming, found March at the centre of the attention of American congressmen, he appeared in an audition from the U.S. Senate of 83 billion dollars from the giant...
By Liam Reilly and Brian Stelter, CNN - Netflix co-CEO Ted Sarandos appeared before skeptical lawmakers Tuesday during a Senate hearing on his company's $83 billion bid to acquire Warner Bros. Discovery's streaming and studio assets. While several senators questioned Sarandos about competition, labor conditions, and consumer pricing, some conservative members focused on unsubstantiated accusations that Netflix promotes "woke" content and "transg…
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