Netflix co-CEO Ted Sarandos and Warner Bros. chief strategy officer Bruce Campbell on Tuesday defended their $83 billion merger deal during testimony to the Senate Judiciary's subcommittee on antitrust,

Trump said Netflix and Paramount are “beating the hell out of each other” in the Warner acquisition fight, “and there’ll be a winner.”

In a precursor to Netflix's arguments if the deal lands in court, the CEO argued that the company's main rival is YouTube as it competes for the time and attention of viewers.

The streaming service company's stock has fallen 40% from highs last summer.

The most-viewed licensed television shows, those with 30 million or more viewers, were either animated titles geared to younger viewers or long-running comedies and dramas that originated on linear television 15 years ago on average – making 2010 the current sweet spot for library TV viewing.

"You have to think about it as you're just trying to gain audience, especially in 2026, when everybody is just fighting to grab your attention at all times," says Spotify's head of talk strategy Bill Simmons.