Ted Sarandos Defends Netflix's $83B Warner Bros. Acquisition

Ted Sarandos testified before a Senate subcommittee to defend the $83 billion acquisition of Warner Bros. Discovery by Netflix following bipartisan concerns over market dominance.Senators Josh Hawley and Ted Cruz accused the company of pushing left-wing propaganda and transgender ideology while major labor guilds warned of massive job losses across the media industry.The DOJ is currently reviewing the cash deal while rival bidders such as David Ellison of Skydance Paramount monitor the proceedings for a potential alternative takeover attempt.