Netflix co-CEO Ted Sarandos faces Senate hearing over massive $72B Warner Bros takeover deal

Netflix co-CEO Ted Sarandos is set to testify on Tuesday before a Senate panel scrutinizing how the streaming giant's proposed $72 billion acquisition of Warner Bros Discovery would impact competition in the entertainment industry's streaming segment. Sarandos will testify alongside Warner Bros. Chief Revenue Strategy Officer Bruce Campbell as the executives face questions over the competitive impact of the proposed merger before the Senate Judiciary Committee's Subcommittee on Antitrust, Competition Policy ...