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Antitrust Scrutiny on $83B Netflix-Warner Deal Intensifies
26 Feb
Summary
- Senate panel to re-examine $83 billion Netflix-Warner Bros. deal on March 4.
- Hearing will investigate competition and monopsony concerns surrounding the merger.
- Past testimony from Netflix and Warner Bros. executives informs this new review.
A crucial hearing is scheduled for March 4 at 2:30 p.m. ET, where the Senate Judiciary's subcommittee on antitrust will again focus on the substantial $83 billion deal between Netflix and Warner Bros. This session is specifically designed to delve into significant competition and monopsony concerns that have been raised regarding the proposed business combination.
This renewed examination follows earlier testimony provided by Netflix co-CEO Ted Sarandos and Warner Bros. chief strategy officer Bruce Campbell. Following that appearance, Senator Mike Lee, the committee's ranking Republican, sought further details. His questions were aimed at understanding the companies' strategies for content spending and licensing, as well as the competitive pressures they face, particularly from platforms like YouTube.
