US EditionNetflix, Warner Bros. deal ‘looks like an anti-monopoly’ nightmare: Warren
Netflix aims to expand its content library with Warner Bros.' valuable IP, but critics warn the $72 billion deal may reduce theatrical releases and raise antitrust issues.
- Josh Brown, a long-term Netflix bull, cut his position in Netflix by 85% following its $72 billion deal to buy pieces of Warner Bros. Discovery due to regulatory and antitrust scrutiny headwinds.
- Senator Elizabeth Warren called Netflix's acquisition an antitrust 'nightmare' that would harm workers and consumers, and criticized the deal for creating a media giant with control of close to half of the streaming market.
- Netflix CEO Ted Sarandos defended the deal, stating it is 'pro-consumer, pro-innovation, pro-worker, pro-creator, pro-growth,' and expressed confidence in the regulatory process.
9 Articles
9 Articles
Netflix, Warner Bros. deal ‘looks like an anti-monopoly’ nightmare: Warren
Sen. Elizabeth Warren (D-Mass.) is expressing concern about Netflix’s planned acquisition of moviemaker Warner Bros., saying the deal could raise major questions about antitrust and competitive imbalance. “This deal looks like an anti-monopoly nightmare,” Warren said Friday in a statement. “A Netflix-Warner Bros. would create one massive media giant with control of close to half…
Sen. Elizabeth Warren slams Netflix’s $72B deal for WBD, calls it an ‘anti-monopoly nightmare’
Sen. Elizabeth Warren called Netflix's $72 billion acquisition of Warner Bros. Discovery's studios and streaming division an antitrust "nightmare" that would harm workers and consumers, ramping up bipartisan criticism of the entertainment megadeal on Friday.
Netflix-Warner Bros. Deal Is an ‘Anti-Monopoly Nightmare,’ Sen. Warren Says
Netflix's proposed $83 billion deal for Warner Bros. Discovery's studio and streaming business has elicited opposition from one of the most prominent Democrats on Capitol Hill, Sen. Elizabeth Warren of Massachusetts.
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