Paramount accuses Netflix of "scorched-earth campaign" against WBD merger
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 has formally accused Netflix of orchestrating a "scorched-earth campaign" to undermine its potential acquisition of Warner Bros. Discovery. In a letter sent to the U.S. Department of Justice's Antitrust Division, Paramount's chief legal officer alleged that Netflix is actively attempting to sway regulators and other stakeholders against the proposed merger. This move by Paramount is seen as a direct response to concerns raised by the International Brotherhood of Teamsters, a union representing film and TV workers, who previously urged the DOJ to block the deal unless worker protections are implemented.
The accusation highlights the intense competitive landscape and potential antitrust scrutiny surrounding major media consolidation efforts.
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