Netflix co-CEO Ted Sarandos is vigorously making his case on why Netflix should be the ultimate owner of Warner Bros. Discovery.

Whether Warner Bros. merges with Netflix or David Ellison's Paramount remains to be seen — but Ted Sarandos assures a merger is coming.

Sarandos also provides some hints of the future of HBO under Netflix and what the future of theatrical would look like.

Netflix Co-Chief Executive Ted Sarandos pledged to maintain a 45-day theatrical window and tried to allay concerns about job losses resulting from the proposed deal to acquire Warner Bros.

During the Senate's antitrust hearing on the Netflix-Warner Bros Discovery merger and its impact on competition, Cruz pressed about how Eilish's speech reflects that "the entertainment world is deeply corrupt.

Netflix Co-CEO Ted Sarandos took aim Tuesday at Paramount's rival bid for Warner Bros. Discovery, accusing the David Ellison-led company of "flooding the zone with confusion for shareholders."

Following is the unofficial transcript of a CNBC exclusive interview with Netflix Co-CEO Ted Sarandos on CNBC's "Closing Bell: Overtime" (M-F, 4PM-5PM ET) today, Tuesday, February 17. Following are links to video on CNBC.

As Netflix stock continues to face pressure amid its $83 billion pursuit of Warner Bros. streaming and studio assets, co-CEO Ted Sarandos blamed the recent volatility largely on the ongoing bidding war with Paramount,