Netflix co-CEO Ted Sarandos next month will go before a Senate committee to defend the streamer’s $83 billion deal to buy Warner Bros.’s studios and streaming business — and field questions about its antitrust implications.

S ince last autumn Netflix and Paramount have been chasing Warner Bros Discovery like a pair of Wile E. Coyotes in pursuit of a Road Runner. Paramount, recently acquired by the Ellison family, was initially the favourite to capture the prize.

By Zaheer Kachwala Jan 21 (Reuters) - Netflix's co-CEOs found themselves in an unusual position after the company's latest earnings report: on the backfoot. The streaming pioneer's decision to plunk down nearly $83 billion on Warner Bros' assets marks a significant departure from the company's long-standing mantra: build,

Netflix will pay all cash for the $83 billion deal to acquire major parts of Warner Bros. Discovery, instead of a mix of cash and stock.

Warner Bros. chief strategy officer Bruce Campbell will also attend the February hearing focused on the deal's antitrust implications

Blockbuster hit “Barbie” brought in a record $1.5 billion for Warner Bros. Discovery, but the company still reported a $417 million loss for the quarter that was bigger than Wall Street’s forecasts.

EXCLUSIVE: Warner Bros Motion Pictures Chairs Michael De Luca and Pamela Abdy began 2025 with what on paper appeared to be a risky, auteur-driven slate with tentpole budgets. One of the earlier titles last year,

Bela Bajaria was already on her second cup of coffee when Danielle Brooks and Lewis Pullman started reading out the list of this year’s Oscar nominees at 5:30 in the morning. By the time they had finished with all 24 categories,