The Netflix-Warner Bros. merger will come before a key Senate committee on March 4, a month after the same lawmakers heard testimony from the streamer’s co-CEO Ted Sarandos defending the transaction.
The hearing 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: Competition and Monopsony Concerns in the Proposed Netflix-Warner Brothers Transaction.”
The witnesses testifying have not yet been announced.
Lee received letters following the last hearing, including one from James Cameron expressing his opposition to the transaction.
In a statement earlier this week, Lee said, “We have received outreach from actors, directors, and other interested parties about the proposed Netflix and Warner Brothers merger, and I share many of their concerns. I look forward to holding a follow-up hearing to further address these issues.”
Sarandos is visiting the White House on Thursday, meeting with administration officials as Warner Bros. Discovery mulls a potentially superior counter offer from Paramount.
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