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Paramount sends Justice Department letter on WBD merger fight
Paramount says Netflix urged unions and other stakeholders to oppose the deal, as the merged company would keep production jobs intact, Delrahim said.
- Paramount Skydance's chief legal officer Makan Delrahim criticized Netflix for a panic-level response to Paramount's planned $110 billion merger with Warner Bros. Discovery, indicating that Netflix views Paramount as a strong competitor.
- Paramount sent a letter to the Justice Department accusing Netflix of leading a scorched-earth campaign to oppose the merger.
- Paramount claims Netflix is conducting a broader proxy war by trying to convince groups that Disney's acquisition of Fox negatively affected content production and labor opportunities, which Paramount disputes.
- Delrahim stated that the merger will benefit organized labor by creating new jobs and increasing content production, contrary to Netflix's claims.
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Paramount Accuses Netflix of ‘Panic-Level’ ‘Scorched-Earth Campaign’ to ‘Poison’ Regulators Against Warner Bros. Deal; Netflix Calls Claims ‘Absurd’
Paramount Skydance chief lawyer Makan Delrahim claimed Netflix is so worried about the prospect of competing with a merged Paramount-Warner Bros. Discovery that the streaming company is going all-out to try to "poison regulators and other stakeholders" against the pending $111 billion deal.
·Los Angeles, United States
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Coverage Details
Total News Sources8
Leaning Left6Leaning Right0Center1Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
Factuality
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