What are Bob Iger's concerns about the Netflix-Warner Bros. Discovery deal?

Bob Iger is concerned about potential consumer pricing leverage and the impact on the broader film and television ecosystem, especially for movie theaters.

Will Disney take a formal position on the Netflix-Warner Bros. Discovery merger?

Disney CEO Bob Iger stated that the company has not yet determined whether to take a formal position on the potential deal.

How might a Netflix-Warner Bros. Discovery merger affect consumers?

Iger suggested that the combined entity could gain significant pricing leverage over consumers, which might not be healthy for the market.

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Disney CEO Questions Netflix-WBD Deal Impact

11 Dec

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Summary

Disney CEO Bob Iger expressed concerns over consumer pricing leverage.
He questioned the impact of a potential Netflix-WBD deal on movie theaters.
Iger stated Disney has not yet decided on taking a formal regulatory stance.

Disney CEO Questions Netflix-WBD Deal Impact

Disney CEO Bob Iger has voiced significant concerns regarding the potential acquisition of Warner Bros. Discovery by Netflix, signaling a watchful stance from the entertainment giant. Iger articulated his perspective during a recent CNBC interview, questioning the ramifications for consumers and the broader media landscape.

Iger specifically urged regulators to examine the deal's potential impact on consumers, particularly concerning pricing leverage. He posed whether a consolidated entity with substantial streaming subscriptions worldwide could unduly influence prices. Furthermore, he stressed the importance of protecting the health of the global film ecosystem, including the movie theater business which operates on thin margins and requires consistent film volume for monetization.

When asked about Disney's official stance, Iger indicated that the company has not yet determined whether to formally engage with regulators on the matter. However, his remarks underscore a strategic awareness of the evolving streaming market and the competitive dynamics at play, even as Disney itself navigates its own entertainment ventures.