Netflix Co-CEO Ted Sarandos appeared before a U.S. Senate judiciary subcommittee on Tuesday, February 3, 2026. He addressed the company's proposed $82.7 billion acquisition of Warner Bros. Discovery.
Senators asserted the merger could grant Netflix excessive market power. They also raised concerns that the deal might lead to fewer jobs for creative professionals.
The hearing highlighted broader antitrust concerns. Senators probed how the combination would affect consumers and rival companies. Critics also voiced concerns, labeling Netflix's content as politically biased.
The Department of Justice is currently reviewing the proposed transaction.