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Ted Sarandos Goes to Washington: What Matters as Netflix's Chief Spars With Skeptical Lawmakers
In a precursor to Netflix's arguments if the deal lands in court, the CEO argued that the company's main rival is YouTube as it competes for the time and attention of viewers.
Netflix Co-Chief Executive Ted Sarandos pledged to maintain a 45-day theatrical window and tried to allay concerns about job losses resulting from the proposed deal to acquire Warner Bros.
Netflix co-CEO Ted Sarandos faced a Senate subcommittee over its proposed acquisition of Warner Bros. on Tuesday in Washington, D.C.,
At a Senate antitrust hearing on Tuesday, Netflix Co-CEO Ted Sarandos declined to give a “yes or no” answer when asked if he would commit to “full residuals” for union workers. Sarandos was at the Capitol to answer questions about Netflix’s proposed merger with Warner Bros.
The Senate hearing comes as Netflix hopes to acquire Warner Bros Discovery in an $83 billion merger, though David Ellison’s Paramount has also put in a bid for WBD.
Ted Sarandos has told a US Senate committee that Netflix's proposed acquisition of Warner Bros Discovery's studio and streaming assets would
Senators asked Ted Sarandos about whether the acquisition would raise prices, squeeze talent and degrade the moviegoing experience.
Eric Schmitt grilled Netflix CEO Ted Sarandos on his platform hosting the "wokest content in the history of the world" during a Tuesday congressional hearing.
Netflix co-CEO Ted Sarandos told the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights that the streaming giant’s $72 billion acquisition of Warner Bros. and HBO “will create value for consumers,
Netflix co-CEO Ted Sarandos defended the streamer's $83 billion Warner Bros. deal during testimony to the Senate Judiciary's subcommittee on antitrust, competition policy, and consumer rights on Tuesday.