Netflix, Culture War
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On the way to the Milan-Cortina Olympics, Warner Bros Discovery CEO David Zaslav held several meetings with European and U.K. regulators this week to discuss various topics, including its pending $83 billion deal with Netflix and cable network spinoff Discovery Global,
Netflix's acquisition of Warner Bros. Discovery might be a good thing for consumers.
EXCLUSIVE: Ted Sarandos’ testimony tomorrow in front of a pivotal Senate subcommittee looks to be strewn with MAGA landmines that are intended to blow up Netflix’s path to buying most of Warner Bros.
In his written testimony, Sarandos highlighted YouTube’s dominance in the market. He noted that within the streaming sector specifically, Netflix currently commands a 19% share of U.S. viewership, a figure that would climb to approximately 20% following the Warner Bros. acquisition.
Actor Kristen Stewart serves as cover star for the AD issue, which also features talent like Noah Wyle (visiting Mid-Wilshire’s Craft Contemporary) and Mindy Kaling (visiting The Original Farmer’s Market).
Paramount is currently in a bidding war with Netflix, as both are trying to acquire Warner Bros. Discovery and their vast library of content.
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Ted Sarandos Goes to Washington: What Matters as Netflix's Chief Spars With Skeptical Lawmakers
In a precursor to Netflix's arguments if the deal lands in court, the CEO argued that the company's main rival is YouTube as it competes for the time and attention of viewers.
Yesterday, Netflix co-CEO Ted Sarandos went to Congress to answer for some fairly valid concerns (that the company’s potential acquisition of Warner Bros. would put the company too close to being a monopoly) and ended up answering for some completely nonsensical ones.