Netflix Inc. Co-Chief Executive Ted Sarandos pledged under oath to maintain a 45-day theatrical window for Warner Bros. films during a Senate subcommittee hearing Tuesday.
Sarandos also tried to dampen concerns about potential job losses and U.S. production declines related to the companies’ proposed multibillion-dollar deal.
During a two-hour hearing before the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights, Sarandos told lawmakers the proposed merger would not run afoul of antitrust concerns and would, instead, “strengthen the American entertainment industry.”
