Netflix and Warner Bros. are preparing to face intense regulatory scrutiny after they announced a historic $72 billion purchase of one of Hollywood’s oldest and most revered studios by the Silicon Valley streaming giant.
The deal, which combines two of the world’s biggest streaming providers with some 450 million subscribers, is set for a rocky path to approval. It will face vetting by US and European regulators and lawmakers on the purchase’s impact on streaming and theatrical releases. Read More
President Donald Trump raised potential antitrust concerns, noting that the market share of the combined entity may pose ...