During a hearing at the US Senate, Netflix co-CEO Ted Sarandos said the company is working with the US government on guardrails against more price hikes.

Concerns were raised by a subcommittee including potential price rises and the future of cinemas.

Netflix co-CEO Ted Sarandos faced a Senate committee to answer questions about the company's proposed merger with Warner Bros. Discovery.

During a hearing at the US Senate, Netflix co-CEO Ted Sarandos said the company is working with the US government on guardrails against more price hikes.

Sarandos defended Netflix’s Warner Bros. merger and argued customers hold the real power.

As Chairman Mike Lee put it, Netflix could become “the one platform to rule them all” if the merger is allowed to happen.