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Stock impact report

Republicans haul Netflix before Congress for being too ‘woke’ [Verge, The]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Verge, The
The hearing before the Senate Judiciary antitrust subcommittee highlighted an array of traditional merger concerns on both sides of the aisle: that the deal could potentially raise costs for consumers, limit their theater experiences, or shrink the market for entertainment jobs. But a large chunk of the session also focused on Netflix's allegedly “woke” programming, including content that features transgender characters. Netflix is facing a competing bid from Paramount Skydance, run by CEO David Ellison, the son of President Donald Trump's close ally and Oracle co-founder Larry Ellison. WBD has rejected Paramount's offer, but Republicans are pushing to knock Netflix out of the running. “Why in the world would we give a seal of approval or a thumbs up to make you the largest behemoth on the planet related to content?” Sen. Eric Schmitt (R-MO) asked. “It seems as though you have engaged in creating not only a monopoly of content, potentially, but the wokest content in the history o Show less Read more
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