Ted Sarandos, Facing Sharp Questions at Senate Hearing on Netflix-Warner Bros. Deal, Insists It’s Good for Hollywood and Customers: ‘We Will Give Consumers More Content for Less’

Netflix co-CEO Ted Sarandos was in the hot seat defending the streaming giant’s $83 billion deal for Warner Bros. at a Senate hearing Tuesday, amid pointed questions from lawmakers about the threat the pact poses to competition, jobs and streaming prices. The hearing, “Examining the Competitive Impact of the Proposed Netflix-Warner Brothers Transaction,” was called […]