Netflix's $72 Billion Ambition: A Streaming Giant's Antitrust Hurdle

Netflix's proposed $72 billion acquisition of Warner Bros Discovery faces antitrust concerns from Congress, fearing it could threaten consumer choice and inflate subscription prices. Democrats and Republicans voice skepticism, highlighting potential impacts on media market control and industry dynamics.

Netflix's $72 billion proposed acquisition of Warner Bros Discovery is stirring significant political and antitrust debate. On Friday, members of Congress expressed concerns about potential market dominance and reduced consumer choice, calling it an antitrust 'nightmare' for both consumers and creatives.

The company argues that the merger will boost content for its 300 million subscribers and create jobs, while critics like U.S. Senator Elizabeth Warren warn of higher subscription prices and fewer viewing options. Netflix plans to navigate the regulatory landscape, emphasizing pro-consumer and pro-innovation aspects of the deal.

The deal's antitrust implications are drawing scrutiny, especially from U.S. and European authorities. With the streaming giants poised for intense scrutiny, Senator Mike Lee and other lawmakers urge due diligence to prevent monopolistic outcomes and maintain healthy industry competition.

(With inputs from agencies.)