"As we pointed out last week, Netflix and HBO Max combined would account for around 33 percent of the US streaming video market, ahead of Prime Video's 21 percent share and likely enough to attract the antitrust division of the US Justice Department. For its part, Netflix has said that it will "maintain Warner Bros. current businesses," which includes HBO Max and HBO, theatrical releases for films as well as movie and TV studio operations."
"Headwinds were likely with any deal, so in November Netflix's co-CEO Ted Sarandos reportedly met with Trump at the White House, arguing that the acquisition wouldn't create a monopoly. Trump said that Warner Bros. Discovery should sell to the highest bidder, and Sarandos left the meeting feeling that Netflix wouldn't face White House opposition in the short term. Even before regulators address the acquisition, more drama may ensue."
Netflix announced plans to acquire Warner Bros. Discovery, which would combine Netflix and HBO Max to capture roughly 33 percent of the US streaming market versus Prime Video's 21 percent. Such market share makes regulatory and antitrust scrutiny likely, including attention from the Justice Department. President Trump said the deal must go through a process, warned of potential market share problems, and indicated personal involvement in approval. Netflix's co-CEO Ted Sarandos met with Trump in November, arguing the acquisition would not create a monopoly. Paramount may mount a hostile bid, and unions fear reductions in theatrical distribution, profits, and production jobs.
Read at Engadget
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