Netflix struggles to defend Warner Bros merger at US Senate hearing - BBC
ShareSaveDanielle KayeBusiness reporterShareSaveBloomberg via Getty ImagesTed Sarandos, chief executive officer of Netflix, and Bruce Campbell, chief revenue and strategy officer at Warner Bros Discovery, are sworn in during a Senate hearingNetflix struggled to reassure sceptical lawmakers that its proposed $82bn (£61bn) takeover of Warner Bros Discovery would benefit consumers, workers and the broader entertainment industry. On Tuesday, members of the US Senate antitrust subcommittee, which includes both Democrats and Republicans, raised concerns about reduced competition, potential price rises and the future of cinemas if the merger goes ahead.