KDSN RADIO News
Grassley to grill Netflix chief over proposed Warner buyout
(Radio Iowa) – Iowa Senator Chuck Grassley and his colleagues will be questioning executives from media giant Netflix today (Tuesday) over the company’s proposed takeover of Warner Brothers Discovery. Grassley, a Republican, says he won’t be offering any opinions about the impact of such a merger on consumers or competitors until he’s done more fact-finding. “I’m going to wait until the hearing is over to get some answers,” Grassley says, “so I can’t answer your question directly on the economic impact on consumers.”
The Senate Judiciary Subcommittee hearing is scheduled for 1:30 PM/Central, and Grassley says they’ll be delving into the details of the proposed 82-point-7 billion dollar acquisition.”I know it’s highly controversial,” Grassley says, “and it seems to me our subcommittee will be taking a look at it from an antitrust standpoint and the wisdom of the deal.”
Netflix is the world’s largest video-on-demand streaming media service, with a reported 325-million members in more than 190 countries.
.png)