Netflix's Co-CEO Testifies on Antitrust, Faces Culture War: NFLX

[Para 1: The Lead] Netflix Co-CEO Ted Sarandos testifies before the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, facing scrutiny over the $72 billion acquisition of Warner Bros. Discovery. Sarandos insists Netflix has no political agenda, countering Republican senators' accusations of political bias in its content. The hearing, held on February 3, 2026, highlights concerns over market consolidation and its impact on consumer choice and economic growth. [Para 2-3: Supporting details & Context] Sarandos defended Netflix's programming diversity, stating it offers content across all political spectrums. He emphasized the deal's potential to create economic growth and more jobs, addressing Democratic concerns about fewer alternatives for consumers. The hearing follows a contentious period for the streaming giant, with both political parties scrutinizing the deal's implications. Sarandos' testimony aims to reassure investors and the public about the deal's benefits, despite ongoing legal and political challenges.