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Stock impact report

Netflix's antitrust hearing morphed into a culture-war fight over ‘wokeness' [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
Discovery's streaming and studio assets. While many senators grilled Sarandos over antitrust issues, labor concerns and consumer prices, several conservative members focused instead on unsubstantiated accusations that Netflix promotes “woke” content and “transgender ideology.” The culture-war attacks echoed claims made by MAGA influencers urging President Donald Trump to block the deal — and may preview how the administration could seek to stall the merger. (CNN, which is owned by Warner Bros. Discovery, is not part of the transaction.) Sen. Eric Schmitt told Sarandos that Netflix has created “the wokest content in the history of the world,” adding that the streaming giant has “made a habit of promoting DEI and wokeness” and “oversexualizes for kids.” “The overwhelming majority of your stuff is overwhelmingly woke, and it's not reflective of what the American people want to see,” Schmitt said. “Why in the world would we give a seal of approval or a thumbs up to make you the la Show less Read more
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