Netflix Co-CEO Ted Sarandos staunchly defended the company's proposed $72 billion acquisition of Warner Bros., HBO, and HBO Max assets during testimony before the Senate Judiciary Committee on February 6, 2026.
- Sarandos rejected claims that the deal would create a streaming industry monopoly, arguing that price hikes are justified by the "lot more value" provided to subscribers.
- He emphasized the platform’s "one-click cancel" policy as a competitive safeguard against consumer lock-in.
- Shares of NFLX closed the day up 1.64%.