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Politicians aren't happy with the Netflix-Warner Bros deal. Here's why. [USA TODAY]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Netflix announced it will buy Warner Bros. Discovery for $72 billion, giving it control of HBO Max. The proposed deal is facing political pushback over antitrust concerns from both parties. The acquisition could give Netflix a massive library of content, but may also lead to higher subscription prices for consumers. Streaming services are consolidating to combat the high costs of programming and the struggle to turn a profit. Netflix announced it for $72 billion in one of the most colossal deals in recent Hollywood history. The deal gives the streaming giant control of rival HBO Max and a storied film studio. But the acquisition is already facing political pushback. Sen. Elizabeth Warren called the merger “ ,” arguing that a combined Netflix–Warner Bros. would control nearly half of the streaming market, drive up prices for consumers, limit content choices and put workers at risk. She also criticized the Trump administration's track record on antitrust enforcement, callin
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- Cinemas and unions sound alarms over Netflix-Warner Bros. deal [Los Angeles Times (CA)][Los Angeles Times]
- I Can't Believe This Addictive Netflix Thriller Is Still Living Rent-Free Inside My Head [CNET News][CNET News]
- Netflix–Warner Bros. deal sets pp $72 billion antitrust test [Fortune][Fortune]
- How Netflix acquiring Warner Bros. could reshape Hollywood [USA TODAY][USA TODAY]
- Reviews are in, and Hollywood insiders aren't pleased with the Netflix-Warner Bros. deal [Business Insider][Business Insider]
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