Netflix co-CEO Ted Sarandos testified on Capitol Hill this week where he defended his company’s $83 billion merger deal with Warner Bros. as a means to compete with “deep-pocketed tech companies” out to run the entertainment business.
In his opening remarks, Sarandos said that the Netflix-Warner Bros. deal “will strengthen the American entertainment industry, preserve choice and value for consumers, and give creators more opportunities,” asserting that the company created 155,000 jobs across all 50 states while contributing “over $225 billion to the U.S. economy over the last 10 years,” per Variety .
Sarandos also said that Netflix would…
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