The Netflix-Warner Bros. merger will come earlier than a key Senate committee on March 4, a month after the identical lawmakers heard testimony from the streamer’s co-CEO Ted Sarandos defending the transaction.
The listening to has a pointed title, reflecting criticism of the deal coming from the chair of the Senate Judiciary antitrust subcommittee, Sen. Mike Lee (R-UT): “The Second Act: Competitors and Monopsony Issues within the Proposed Netflix-Warner Brothers Transaction.”
The witnesses testifying haven’t but been introduced.
Lee acquired letters following the final listening to, together with one from James Cameron expressing his opposition to the transaction.
In a press release earlier this week, Lee stated, “We’ve got acquired outreach from actors, administrators, and different events concerning the proposed Netflix and Warner Brothers merger, and I share lots of their considerations. I stay up for holding a follow-up listening to to additional tackle these points.”
Sarandos is visiting the White Home on Thursday, assembly with administration officers as Warner Bros. Discovery mulls a probably superior counter provide from Paramount.
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