Netflix trying to "poison regulators" about WBD merger, Paramount lawyer claims

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Netflix trying to "poison regulators" about WBD merger, Paramount lawyer claims

Paramount Skydance is accusing Netflix of maintaining a campaign against its proposed acquisition of Warner Bros. Discovery (WBD). In a June 5 letter (PDF) addressed to Jared A. Hughes, acting section chief of the Media, Entertainment, and Communications Section of the US Department of Justice's (DOJ's) Antitrust Division, and A. Maya Kahn, a trial attorney for the Antitrust Division, and first reported on by Politico today, Paramount chief legal officer Makan Delrahim accuse

Paramount Global's top lawyer has accused Netflix of actively campaigning to dissuade regulators and other stakeholders from approving the proposed acquisition of Warner Bros. Discovery by Skydance Media. In a letter to the Department of Justice, Paramount's chief legal officer alleged that Netflix's "scorched-earth campaign" demonstrates the streaming giant's concern about Skydance becoming a significant competitor. This accusation stems from a prior letter sent by the International Brotherhood of Teamsters to the DOJ, which expressed concerns that the merger could negatively impact film and TV jobs and requested safeguards.

Paramount views Netflix's alleged actions as a sign of how seriously the streaming service views the potential competitive threat posed by the combined entity. The legal maneuver highlights the high stakes involved in the proposed merger and the intense scrutiny it is facing from various industry players.

This situation highlights the intense competition and potential antitrust concerns surrounding major media mergers, as rivals attempt to influence regulatory decisions.

#discovery#war

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