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Netflix’s Ted Sarandos grilled in Senate hearing

Netflix Inc. Co-Chief Executive Ted Sarandos pledged to maintain a 45-day theatrical window for Warner Bros. films during a Senate subcommittee hearing Tuesday.

Sarandos also tried to dampen concerns about potential job losses and U.S. production declines related to the companies’ proposed multibillion-dollar deal.

During a two-hour hearing before the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights, Sarandos told lawmakers the proposed merger would not run afoul of antitrust concerns and would, instead, “strengthen the American entertainment industry.”

About 80% of HBO Max subscribers also have Netflix subscriptions, which he said showed the two services were “complementary.” Netflix also plans to increase its film and television production spending to $26 billion this year, with a majority of that happening in the U.S., he said.

“We are doubling down, even as much of the industry has pulled back,” Sarandos said, according to a written transcript of his opening remarks. “With this deal, we’re going to increase, not reduce, production investments going forward, supported by a stronger combined business and balance sheet.”

Sarandos was joined at the hearing by Warner Bros. Discovery Chief Revenue and Strategy Officer Bruce Campbell.

When asked by Sen. Adam Schiff (D-Calif.) whether senators should expect a “round of layoffs” or consumer price increases as a result of the deal, Campbell said no. He pointed to Netflix’s lack of comparable film and TV studios, or the distribution infrastructure that Warner Bros. has.

“We believe, based on our discussions with them in the negotiation process, that they’re not only going to keep those operations intact, in fact, they’re going to invest in those operations and invest in continued production, including on our lots in Burbank and elsewhere,” Campbell said.

Paramount Chief Executive David Ellison was also invited to appear as a witness, but declined because he did not believe it would be useful or helpful since the company’s bid for Warner had been rejected, Sen. Cory Booker (D-N.J.) said during the hearing. Ellison did, however, meet with him and other senators privately to answer questions, Booker said.

Sarandos also tried to assuage concerns about the deal’s potential effect on theatrical distribution.

“I know I’ve earned some skepticism over there over the years on this because I was talking a lot about Netflix’s business model, which was different from that,” he said. “We didn’t own a theatrical distributor before. We do now, and a great one.”

When asked if the 45-day window would be “self-enforced,” Sarandos agreed, saying that was an industry standard. He did, however, note the general caveat that “routinely, movies that underperform, the window moves a little bit” but is still referred to as a 45-day window.

And in a sign of the growing role politics has played in the perception of the deal, Sarandos tried to sidestep questions from Republican senators about perceived “woke” content on the streaming platform, as well as inquiries from Booker about President Trump’s involvement in the merger. Trump previously said he “would be involved” in his administration’s decision to approve any deal.

The hearing comes just two months after Netflix prevailed in a hotly contested bidding war for Warner Bros. The $72-billion deal would dramatically reshape the Hollywood landscape and give the streamer control over Warner Bros.’ storied Burbank film and TV studios, its lot, HBO and HBO Max.

Netflix also agreed to take on more than $10 billion in Warner Bros. debt, pushing the enterprise value of the transaction to $82.7 billion.

But Paramount has continued to pursue the company, fighting to acquire all of Warner Bros. Discovery, including its cable networks.

The company, led by Ellison, has made a direct appeal to Warner shareholders to tender their shares in support of a Paramount deal. A deadline for that offer was recently extended to Feb. 20.

Paramount has also filed proxy materials to ask Warner shareholders to reject the Netflix deal at an upcoming shareholders meeting.

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Trump and Colombia’s president to meet at White House after months of tension and insults

President Trump is scheduled to host one of his most vocal regional critics, Colombian President Gustavo Petro, at the White House in a high-stakes meeting analysts suggest could redefine the immediate future of bilateral relations.

Petro has called Trump an “accomplice to genocide” in the Gaza Strip, while the U.S. president called him a “drug lord,” an exchange of insults that escalated with U.S. sanctions against Petro, threats of reciprocal tariffs, the withdrawal of financial aid to Colombia and even the suggestion of a military attack.

Tensions eased in early January when Trump accepted a call from Petro, saying it was a “great honor to speak with the president of Colombia,” who called him to “explain the drug situation and other disagreements.”

The two leaders are expected to meet Tuesday to address strategies for curbing drug trafficking and boosting bilateral trade, while potentially discussing joint operations against Colombian rebel groups fueled by the cocaine trade.

“There’s a lot of space here for mutual cooperation and shared success,” said Elizabeth Dickinson, a Colombia expert at the International Crisis Group.

Combating drug trafficking

Decades of security cooperation once made Colombia the primary U.S. ally in the region, but that relationship has recently faced unprecedented strain.

The two countries have opposing views on how to address the problem of illicit drugs. While the U.S. remains anchored in aggressive eradication and supply-side control, Petro advocates for interdiction, demand reduction and providing economic alternatives for small-scale coca farmers.

In 2025, the U.S. signaled its dissatisfaction with Petro’s anti-drug policy by adding Colombia to a list of nations failing to cooperate in the drug war for the first time in three decades.

Since then, Petro has focused on highlighting the record seizures and claiming that his government has managed to halt the growth of coca leaf crops. However, Colombia’s coca crop has reached historic highs, as the government shifts away from eradication. According to United Nations research, potential cocaine production has surged by at least 65% during the Petro administration, to more than 3,000 tons per year.

The Venezuela factor

The sudden detente between Petro and Trump followed a period of extreme volatility.

Tensions peaked after the Jan. 3 U.S. raid in Caracas that captured then-President Nicolás Maduro and his wife, Cilia Flores. Petro denounced the operation as an act of “aggression” and a “kidnapping,” blasting the U.S. for what he called an “abhorrent” violation of Latin American sovereignty and a “spectacle of death” comparable to Nazi Germany’s 1937 carpet bombing of Guernica, Spain.

Despite recently calling for Maduro’s return to face Venezuelan justice, Petro’s tone softened significantly during a subsequent hourlong call with Trump, paving the way for their upcoming summit.

Gimena Sánchez-Garzoli, director for the Andes region at the Washington Office on Latin America, a think tank, believes that Trump accepted Petro’s call partly to quell questions about the operation in Venezuela and the growing concern over warnings issued to countries like Colombia.

She also said she considers it likely that both presidents will agree on actions against drug trafficking and a joint fight against the National Liberation Army guerrilla group, which is most active on the border with Venezuela.

‘A quiet, effective cooperation’

Signaling a thaw in relations just days before the White House summit, the Colombian Foreign Ministry announced on Thursday that repatriation flights for deportees from the U.S. have officially resumed.

Images released by the ministry showed citizens arriving at El Dorado airport — a stark contrast to the diplomatic crisis a year ago. At that time, Petro triggered a near trade war by refusing U.S. military deportation flights over “dignity” concerns, only relenting after Trump threatened 50% tariffs and visa cancellations.

“A good outcome [of the meeting] would be that the relationship is cordial, pragmatic, and that the two countries can get back to what they have been doing for years, which is a quiet, effective cooperation on shared security threats,” Dickinson said.

“The less noise there is around the relationship the better.”

Suárez and Rueda write for the Associated Press.

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