tech
February 5, 2026
Netflix says users can cancel service if HBO Max merger makes it too expensive
Eighty percent of HBO Max subscribers subscribe to Netflix, Sarandos tells Senate.
TL;DR
- Netflix Co-CEO Ted Sarandos believes a potential deal with WBD would offer consumers more content for less money.
- Sarandos argued against monopoly concerns, stating that WBD's streaming services are complementary to Netflix's.
- He claimed that 80% of HBO Max subscribers also subscribe to Netflix.
- Sarandos stated that Netflix offers a better value per hour of watched content compared to competitors like Paramount+.
- Netflix is competing with Paramount Skydance for WBD's assets, with Netflix amending its offer to an all-cash bid.
- Nielsen data shows YouTube has higher TV viewership than Netflix, suggesting a competitive streaming landscape.
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