US EditionUK politicians call for competition review of Netflix bid for Warner Bros, FT reports
More than a dozen UK politicians warn the $83 billion Netflix-Warner Bros deal risks reducing competition and harming consumers, urging the CMA for a full investigation.
- Jan 27, more than a dozen UK politicians urged CMA chief Sarah Cardell to review Netflix's $83 Billion bid for Warner Bros Discovery, citing concerns it `will cement an already dominant player`.
- Signatories included Chris Smith, Oliver Dowden and Karen Bradley, all former UK secretaries of state for culture, media and sport, and Tony Hall, former director-general of the BBC.
- Reports note parallel scrutiny from European Union antitrust regulators reviewing rival bids by Netflix and Paramount Skydance, while members of the U.S. Congress call the acquisition an antitrust `nightmare`.
- Neither Warner Bros nor Netflix immediately responded to Reuters' requests, and the Competition and Markets Authority said it cannot speculate on cases outside a formal probe.
- Given its global reach and studio expansion, Netflix, Inc. provides paid memberships in over 190 countries while scaling its streaming service with games, advertising, and studio production.
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Netflix-Warner Deal: Top UK Lawmakers Demand Antitrust Investigation, Warning Takeover Poses “Stark” Danger To Cinemas & Producers
Netflix is not yet close to completing its $82.7B takeover of Warner Bros. Discovery, but the deal already is facing serious opposition in the UK. A group of 18 influential cross-party lawmakers, including three former culture secretaries and an ex-BBC director general, have written to the UK’s Competition and Markets Authority (CMA) demanding an investigation. In […]
UK politicians call for competition review of Netflix bid for Warner Bros, FT reports
More than a dozen UK politicians and former policymakers have called on the country's competition watchdog to launch a full review of Netflix's $83 billion bid for Warner Bros Discovery , the Financial Times reported on Tuesday.
Netflix vs. Warner Bros. Discovery: Wall Street Sees Downside in 1 of These Media Stocks but Says Buy the Other
Key PointsWarner Bros. Discovery has seen its stock melt up in recent months amid acquisition rumors and an eventual acquisition agreement.Since announcing its nearly $83 billion acquisition of Warner Bros., Netflix's stock has collapsed.In between all of this, Paramount Skydance has been lurking and still hoping to purchase Warner Bros. Discovery in its entirety.10 stocks we like better than Netflix › One of the biggest stories in the stock mar…
The association of American cinema operators fears "a negative and irreversible impact" at the global level and "substantial damage to cultural life" in the United States if Netflix acquires the studio.
The streaming provider Netflix wants to swallow Warner's streaming and studio business, but the plan has consequences for Netflix's share price and possibly the media landscape in the US. The reasons.
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