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Telecommunications & Media

US lawmakers press Netflix on overseas production; Sarandos says Korea is separate

U.S. lawmakers pressed Netflix over rising overseas production at a Senate antitrust hearing. Co-CEO Ted Sarandos said Korean-language productions made with Korean actors and crews are produced locally for the South Korean market and should be treated separately, adding most other content investment is in the United States. Senators raised concerns that Netflix\'s planned $82.7 billion acquisition of Warner would boost market power, while Netflix cited its share of total TV viewing time.

Crypto

U.S. Senate panel seeks removal of developer protection clause from crypto bill

The U.S. Senate Judiciary Committee has called for a developer protection provision to be deleted from a crypto market structure bill, Cointelegraph reported on Jan. 19. Republican and Democratic leaders said the clause could encourage illegal money laundering and sent objections to the Senate Banking and Agriculture committees. The draft would exempt crypto software developers from federal and state money transfer laws. The Senate Banking Committee has delayed a meeting, and the bill would need at least 60 votes to reach the floor.