Eleven Republican attorneys general have called on the U.S. Department of Justice to thoroughly investigate Netflix's $82.7 billion bid for Warner Bros. studio and streaming assets. In a letter, the states argue the proposed acquisition threatens U.S. dominance in the film industry and could harm consumers.
Concerns focus on potential market concentration leading to higher prices, reduced reliability, and stifled innovation in both streaming services and theatrical movie releases.
Warner Bros. has acknowledged Netflix's offer but is also reportedly considering a rival bid from Paramount Skydance, which has raised questions about regulatory challenges for the Netflix deal.