Netflix co-CEO Ted Sarandos faces Senate questioning over the streaming giant's proposed $72 billion Warner Bros. Discovery merger amid antitrust concerns.

Netflix co-CEO Ted Sarandos on Tuesday faced skeptical lawmakers during a Senate hearing on his company’s pending $83 billion deal to acquire Warner Bros. Discovery’s streaming and film assets.

As Ted Sarandos endured hours of questioning from the Senate Judiciary antitrust subcommittee about Netflix’s pending acquisition of Warner Bros., several of the Hollywood guilds raised concerns again with lawmakers regarding any potential sale of the storied studio.

Netflix is revising its $72 billion offer for Warner Bros. Discovery to make it an all-cash transaction. Netflix initially put forth a cash and stock deal valued at $27.75 per Warner Bros. share, giving it a total enterprise value of $82.7 billion, including debt.

Netflix agreed to pay all cash for Warner Bros. Discovery, amending its $72 billion deal in an attempt to fight off Paramount’s hostile takeover bid.

EXCLUSIVE: Ted Sarandos’ testimony tomorrow in front of a pivotal Senate subcommittee looks to be strewn with MAGA landmines that are intended to blow up Netflix’s path to buying most of Warner Bros.

Regulators are already concerned that a Netflix-Warner Bros. deal could raise significant antitrust issues.

This is a major shakeup in Hollywood.