Netflix co-CEO grilled by senators as Warner Bros. deal sparks monopoly concerns: ‘One platform to rule them all’

Cristiana Gigina

Senators grilled Netflix Co-CEO Ted Sarandos on Tuesday at a hearing over how his company’s proposed $82.7 billion acquisition of Warner Bros. Discovery  will affect competition across the entertainment industry. US Senator Mike Lee led the hearing in which Sarandos and Bruce Campbell, Warner Bros’ chief strategy officer, testified. While the Senate cannot itself prohibit the deal, the lawmakers demanded details on how the transaction would affect consumers, workers and competitors. Lee, a