Netflix co-CEO faces grilling by US Senate panel over Warner Bros deal

Core Viewpoint - Netflix's proposed acquisition of Warner Bros Discovery for $82.7 billion is under scrutiny in a U.S. Senate hearing, focusing on its potential impact on the industry [1] Group 1 - The acquisition is valued at $82.7 billion, indicating Netflix's aggressive expansion strategy in the media sector [1] - Ted Sarandos, Co-CEO of Netflix, is expected to address concerns regarding the implications of this merger on competition and consumer choice in the streaming market [1] - The hearing reflects increasing regulatory scrutiny over large media mergers, highlighting the evolving landscape of the entertainment industry [1]