
Netflix defends Warner Bros. Discovery merger as consumer value at Senate hearing
At a US Senate Judiciary Committee hearing, Netflix co-CEO Ted Sarandos argued the Netflix–Warner Bros. Discovery deal would be competitive and could deliver more value for subscribers, not raise prices or reduce competition; he highlighted a one-click cancel option, noted overlapping HBO Max and Netflix subscribers, and urged DOJ-backed guardrails, even as Netflix pursues an all-cash bid around $82.7 billion for WB assets amid Paramount’s counter-offer.
