Ted Sarandos Defends $83B Netflix Bid Against James Cameron Claims

Netflix Co-CEO Ted Sarandos refuted claims by director James Cameron that an $83 billion acquisition of Warner Bros. Discovery would destroy the theatrical movie business.During a Senate subcommittee hearing, Ted Sarandos reiterated a commitment to theatrical releases while addressing a hostile takeover bid and multiple lawsuits.Senator Mike Lee confirmed further investigations into the merger after James Cameron warned of significant job losses and a decline in film production.