Serious backlash to a Netflix/Warner Bros deal may come from European regulators [Los Angeles Times (CA)]
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Source: Los Angeles Times
Discovery, you might want to turn your attention east — to Europe, where regulators are girding to take an early look at any such deal. Both of the leading bidders — Netflix, which has the blessing of the WBD board, and Paramount, which launched a hostile takeover bid — could face obstacles from the European Union. EU officials have spoken only vaguely about their role in judging whatever deal emerges, since the outcome of the tussle remains in doubt. The European Commission “could enter to assess” the outcome in the future, Teresa Ribera, the EU's top antitrust official, said last week at a conference in Brussels, but she didn't go beyond that. Pressure is mounting within Europe for close scrutiny of any deal. As early as May, UNIC, the trade organization of European cinemas, expressed opposition to a Netflix deal . The exhibitors' concern is Netflix's disdain for theatrical distribution of its content compared to streaming. “Netflix has time and again made it clear that it d
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