GOP Attorneys General Raise Concerns About Netflix-Warner Tie-Up

State attorneys general led by two Republicans are raising concerns about the proposed takeover of the Warner Bros. studios by Netflix Inc., saying it will harm consumers.

Mike Hilgers of Nebraska and Austin Knudsen of Montana said in a letter to the US Justice Department that a deal between the streaming giant and Warner Bros. Discovery Inc. will result in higher prices, less reliability and less innovation in the entertainment industry.

They also said the merger will be “disastrous” for the theater industry, citing Netflix’s historic reluctance to put its movies in cinemas. A total of 11 attorneys general ...