Red-State AGs Urge DOJ to Scrutinize Netflix-Warner Bros Merger Over Monopoly Fears

TL;DR Summary
Nearly a dozen Republican state attorneys general are urging the U.S. Department of Justice to subject Netflix’s planned $83 billion acquisition of Warner Bros. Discovery to a thorough Clayton Act review, warning the deal would concentrate market power, raise prices, and curb innovation for American consumers; the DOJ has opened a formal antitrust probe into Netflix’s bid, while Paramount’s Ellison attended the State of the Union and Democrats have their own concerns. Netflix says its competition is YouTube and denies it would monopolize the market, and both Netflix and Paramount declined to comment.
Topics:entertainment#antitrust#business#department-of-justice#mergers-and-acquisitions#netflix#warner-bros-discovery
- Netflix’s Acquisition Of Warner Bros Bad For America, GOP Attorneys General Tell Feds Deadline
- Eleven US states urge DOJ to thoroughly probe Netflix-Warner Bros. deal Reuters
- Republican AGs ask DOJ to block Netflix, Warner Brothers Discovery deal The Hill
- Famed director James Cameron sends scathing letter to antitrust lawmaker over Netflix-WBD deal CNBC
- Hollywood merger threatens movie theaters just as they recover The Boston Globe
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