US EditionFCC Chairman Expresses Antitrust Worries Over Netflix's Bid to Buy Warner Bros. Discovery
FCC Chair Brendan Carr flagged risks of market dominance from Netflix's $82.7 billion acquisition of Warner Bros. Discovery, amid ongoing U.S. and European regulatory reviews.
- This week, Federal Communications Commission Chairman Brendan Carr flagged substantial antitrust risks tied to Netflix's $82.7 billion bid for Warner Bros. Discovery's studios-and-streaming division in a Bloomberg interview.
- The deal's structure hinges on a planned split later this year shifting large debt to Discovery Global, with Gerry Cardinale calling Netflix's offer `smoke and mirrors`, a view shared by the Warner Bros. Discovery board and shareholders.
- Market signals show Netflix's 280 million subscribers and nearly 30% drop in Netflix shares since emerging as a suitor, influencing investor decisions recently.
- Warner Bros. Discovery extended the tender deadline to February 20 and will convene a special shareholder meeting, with oversight expected from the Department of Justice or Federal Trade Commission.
- Executives say the deal faces a 12-to-18-month regulatory review, and European regulators are monitoring amid concerns over Netflix’s market power, with a potential mid-2027 close.
19 Articles
19 Articles
FCC Chairman Expresses Antitrust Worries Over Netflix's Bid to Buy Warner Bros. Discovery
This week, Federal Communications Commission Chairman Brendan Carr has highlighted substantial antitrust risks associated with Netflix’s potential purchase of key assets from Warner Bros. Discovery in a Bloomberg interview. The concerns center on the immense market power that such a combination would create in the increasingly concentrated streaming landscape. Carr pointed out that Netflix has […] The post FCC Chairman Expresses Antitrust Worrie…
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In Warner Merger Battle, Netflix Co-CEO Greg Peters Rips Paramount Bid’s “Crazy” Debt; David Ellison Financier Gerry Cardinale Calls Netflix Deal “Smoke And Mirrors”
The temperature is rising in the Warner Bros Discovery chase, with key figures at Netflix and Paramount ridiculing the other companies’ merger proposals. Netflix, running what might be termed Operation Reassure Wall Street, has recently made Co-CEOs Ted Sarandos and Greg Peters available to consumer media outlets with sizable finance and entertainment audiences. The pair […]
A Netflix-Warner Bros. Merger Is Good for Missouri On Many Fronts
Trying to sit down with your family to watch a television show or movie is never that simple. Instead, it often ends up as a half-hour search between multiple apps, remembering passwords, only to realize the programming you want is on a service you don’t have. This leaves many Missourians navigating an increasingly complex streaming landscape and a mounting pile of monthly bills. The recently announced merger between Netflix and Warner Bros. put…
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