Core Insights - Netflix co-CEO Ted Sarandos is scheduled to testify in February at a U.S. Senate committee hearing regarding the company's proposed acquisition of the streaming and studio operations of Warner Bros. Discovery for $82.7 billion [1] Group 1 - The planned testimony by Sarandos indicates the regulatory scrutiny surrounding large mergers in the streaming industry [1] - The proposed acquisition amount of $82.7 billion highlights the significant financial stakes involved in the competitive streaming market [1]