IOWA SENATOR CHUCK GRASSLEY AND COLLEAGUES QUESTIONED EXECUTIVES FROM MEDIA GIANT NETFLIX TUESDAY OVER THE COMPANY’S PROPOSED TAKEOVER OF WARNER BROTHERS DISCOVERY.
THE SENATE JUDICIARY SUBCOMMITTEE HEARING LOOKED INTO THE DETAILS OF THE PROPOSED 82-POINT-7 BILLION DOLLAR ACQUISITION.
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GRASSLEY STATED THAT COMPETITION IN THIS SECTOR DOESN’T ONLY DEPEND ON WHO HAS THE MOST SUBSCRIBERS.
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NETFLIX IS THE WORLD’S LARGEST VIDEO-ON-DEMAND STREAMING MEDIA SERVICE, WITH A REPORTED 325-MILLION MEMBERS IN MORE THAN 190 COUNTRIES.
