Netflix Executives Face Senate Hearing Over Warner Bros Acquisition Deal

Netflix co-CEO Ted Sarandos will testify before a Senate panel on the impact of the streaming giant's proposed $72 billion acquisition of Warner Bros Discovery on competition in the entertainment industry's streaming segment. The merger would grant Netflix access to WBD's film and television studios, HBO Max, and a content library including popular franchises. The deal is under review by the DOJ, with Paramount also pursuing a hostile bid.