Netflix’s Sarandos faces tough US Senate over Warner Bros deal

Netflix Co-Chief Executive Officer Ted Sarandos faces a grilling in the ⁠U.S. Senate on Tuesday at a hearing over how his company’s proposed $82.7 billion acquisition of Warner Bros Discovery will affect competition in the streaming entertainment industry. U.S. Senator Mike Lee will lead the hearing where Sarandos and Bruce Campbell, ‌Warner Bros’ chief ‌strategy officer, are expected to testify. While the Senate cannot itself prohibit the deal, the hearing allows lawmakers to demand details ‌from Netflix on how the transaction would affect consumers, workers and competitors.