Netflix argues HBO Max deal could boost value, not curb competition
TL;DR Summary
At a Senate antitrust hearing, Netflix defended its proposed acquisition of HBO Max and Warner Bros film assets, arguing the deal would increase consumer value and keep streaming competitive. It noted that about 80% of HBO Max subscribers also subscribe to Netflix, and CEO Ted Sarandos said customers can cancel with one click if prices rise, while regulators consider guardrails to prevent price hikes.
- Netflix says users can cancel service if HBO Max merger makes it too expensive Ars Technica
- Netflix’s antitrust hearing morphed into a culture-war fight over ‘wokeness’ CNN
- Netflix struggles to defend Warner Bros merger at US Senate hearing BBC
- Netflix's co-CEO went to an antitrust hearing and a culture war broke out NBC News
- Netflix CEO Testifies on Proposed Acquisition of Warner Bros. C-SPAN
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