Paramount Skydance is buying Warner Bros.
See all Stories
Bloomberg and Deadline are both reporting that the DOJ has officially begun looking into whether the combination of Netflix and Warner would create a monopoly and hurt competition. Netflix, Warner Bros., and the DOJ have not publicly confirmed the investigation, but Deadline obtained a copy of the Civil Investigative Demand, which reads:
“This civil investigative demand is issued pursuant to the Antitrust Civil Process Act …in the course of an antitrust investigation to determine whether there is, has been, or may be a violation of the antitrust laws by conduct, activities, or proposed action of the following nature: the proposed acquisition of Warner Bros. Discovery, Inc. by Netflix Inc, that may substantially lessen competition, or tend to create a monopoly in violation of Section 7 of the Clayton Act, or Section 2 of the Sherman Act.”
Most Popular
- OpenAI pauses training of its ‘most capable models’
- Apple hit with $5.7 billion in damages over haptic patents
- Control Resonant is a great game — it’s even better when you read everything
- Leaks reveal a new Apple HomePod mini, iPad mini, and Apple TV 4K
- Can Apple Home’s AI camera features outsmart Amazon’s and Google’s? I put them to the test
