Netflix’s acquisition of Warner Bros. Discovery, which would mark a seismic shift in Hollywood, is already facing massive opposition on the antitrust front.
Many lawmakers on both sides of the aisle have expressed anti-monopoly concerns over the $82.7 billion deal. As the world’s leading streaming service, Netflix will dominate the entertainment market further by combining its own platform with WBD’s HBO Max. If finalized, this would further solidify the streaming giant’s grip on Hollywood and effectively narrow the competition.
In a statement, Sen. Elizabeth Warren (D-MA) called the deal an “anti-monopoly nightmare.”
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“A Netflix-Warner Bros. would create one massive media giant with control of close to half of the streaming market,” she wrote on X. “It could force you into higher prices, fewer choices over what
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