Proposed $72B Netflix-Warner Bros. Deal Raises Antitrust Concerns

Netflix has proposed a massive $72 billion deal to acquire Warner Bros. Discovery, a move that could significantly alter the streaming landscape. This acquisition aims to integrate Warner's extensive library, including iconic franchises like Harry Potter and Game of Thrones, into Netflix's already vast content offerings.

However, the deal has raised serious antitrust concerns, particularly regarding the combined market share of the two entities, which could exceed 30%. President Donald Trump has commented on these concerns, noting that the merger's market dominance might pose regulatory challenges, as it would consolidate significant power in the streaming industry.

Various stakeholders, including the Writers Guild, have voiced opposition, arguing that such a merger contradicts antitrust laws designed to maintain competition. Warner Bros. Discovery, which formed from a merger of WarnerMedia and Discovery Communications, is currently in the process of separating its cable and streaming operations.

The deal is contingent on regulatory approval, and while Netflix argues that it will enhance competition by lowering content costs, scrutiny from regulators is expected both in the U.S. and Europe. The acquisition could potentially reshape the entertainment industry by creating a global streaming giant with approximately 450 million subscribers.