Netflix, Warner Bros. Defend Deal Before Skeptical Senators

Netflix Inc. and Warner Bros. Discovery Inc. faced a skeptical Senate panel Tuesday as their executives defended their $82.7 billion media merger against lawmakers’ concerns about the proposed tie-up and its impact on streaming consumers and Hollywood workers.

“We will give consumers more content for less,” Netflix co-Chief Executive Officer Ted Sarandos told the Senate’s antitrust subcommittee, adding that the combination would help improve distribution of Warner Bros.’ iconic films.