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News  ›  Benzinga

Netflix-Warner Bros $82.7 Billion Mega-Merger Sparks Fierce Hollywood, Lawmakers Backlash— Elizabeth Warren Calls It An 'Anti-Monopoly Nightmare'

Benzinga Logo Benzinga By Ananya Gairola
Netflix-Warner Bros $82.7 Billion Mega-Merger Sparks Fierce Hollywood, Lawmakers Backlash— Elizabeth Warren Calls It An 'Anti-Monopoly Nightmare'

Netflix's proposed $82.7 billion acquisition of Warner Bros. Discovery has triggered significant criticism from lawmakers and Hollywood unions, with concerns about market consolidation, potential job losses, and reduced consumer choices.

Insights
BHFAL   neutral

Being sold to Aquarian Capital LLC for $70.00 per share, potential investigation indicates possible scrutiny of sale conditions


NFLX   negative

Facing strong opposition from politicians and industry professionals who argue the merger could create a monopolistic streaming platform, limit consumer choices, and potentially harm job markets