US EditionNetflix facing class action lawsuit over Warner Bros. deal
A Las Vegas HBO Max subscriber seeks to block Netflix's $72 billion Warner Bros acquisition citing antitrust concerns over streaming market competition.
- Michelle Fendelander, a Las Vegas-based HBO Max subscriber, filed a proposed class action on Dec. 8 to block Netflix's $72 billion acquisition of Warner Bros. Discovery's studio and streaming businesses.
- Alleging anti-competitive harm, the plaintiff says the merger would limit U.S. subscription video-on-demand competition by excluding HBO Max and giving Netflix control of Game of Thrones, Harry Potter, and DC Comics.
- On investor calls, Greg Peters, Netflix co-CEO, said `a lot of options to figure out how you package things in different ways,' and Ted Sarandos, Netflix co-CEO, said HBO and HBO Max will operate standalone.
- Fendelander is asking the court for an injunction to prevent the merger or remedies for its alleged anti-competitive effects, while Netflix said `We believe this suit is meritless and is merely an attempt by the plaintiffs' bar to leverage all the attention on the deal.'
- Corporate moves include CNN, Discovery, TNT Sports, and Discovery+ forming Discovery Global, expected to be publicly traded in the third quarter of 2026, while Paramount launched a hostile takeover bid and Warner Bros. plans to split streaming and studio operations.
15 Articles
15 Articles
The eventual sale of Warner Bros. to Netflix or Paramount goes beyond a corporate transaction and is profiled as a parteaguas for the global audiovisual industry, since the magnitude of the assets involved places the operation under the magnifying glass of competition authorities in different countries, including Mexico.According to Radamés Camargo, Director of Analysis of the consulting firm The CIU, the focus of analysis should not be limited …
This is what Netflix's 2026 releases will look like after the integration with Warner Bros.
PHOTO ART: MERCA2.0 Netflix is gearing up for a historic slate of releases in 2026 following the announcement of its acquisition of Warner Bros. Discovery’s film studios and streaming assets, including HBO Max. In a recent presentation to investors, the platform’s co-CEOs, Ted Sarandos and Greg Peters, outlined part of what subscribers can expect next year: an expanded catalog powered by iconic franchises, new high-profile productions, and a ren…
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