11 State Attorneys General Call on Department of Justice to ‘Thoroughly Scrutinize’ Netflix-Warner Bros. Deal
A group of 11 state attorneys general have penned a letter to the Department of Justice asking for the agency to “thoroughly scrutinize” Netflix’s $83 billion deal to acquire Warner Bros. studio and streaming assets.
The group warns that the deal would give Netflix “undue market concentration that stifles competition and therefore creates higher prices, lower reliability, and less innovation for one of America’s major industries—all to the detriment of American consumers.”
“Consumers in our States have expressed alarm about the proposed merger,” the letter states. “Given the stakes, we encourage the Department of Justice to subject this proposed merger to a thorough and exacting review under the Clayton Act.”
The effort is being led by Nebraska Attorney General Mike Hilgers and Montana Attorney General Austin Knudsen. Other signatories on the letter include attorneys general from Alabama, Alaska, Iowa, Kansas, North Dakota, South Carolina, Tennessee, Utah, and West Virginia.
More to come…
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