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-0.00197233981161985 0.00375890813797678 0.00850200988936714 0.0115455001798427 0.0267194731994989 0.0260910122174396 0.0201581824434089 0.0252965426740817
Stock impact report

Netflix-Warner Bros deal faces antitrust pushback even as company touts benefits [BNN Bloomberg (Canada)]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: BNN Bloomberg
Netflix executives touted the deal as creating jobs and giving the company's 300 million subscribers “more bang for their buck” by adding more content at a time when the administration is focused on affordability and lower prices for consumers. But even before it was announced, Netflix's defense of the deal faced criticism from Republicans in Congress, who have warned that Netflix absorbing HBO Max and Warner Bros' content rights would reduce choice for consumers and give the company an unacceptably high share of the streaming market. U.S. Senator Mike Lee, a Republican from Utah who leads the Senate antitrust committee, said Wednesday that a Netflix buy of Warner Bros Discovery's streaming assets “should send alarm to antitrust enforcers around the world.” “Netflix built a great service, but increasing Netflix's dominance this way would mean the end of the Golden Age of streaming for content creators and consumers,” Lee wrote in a post on social media site X. Republican Sena Show less Read more
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