Washington, June 13 (IANS) The US Department of Justice cleared Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, removing a major regulatory hurdle for a deal that would reshape the global entertainment industry by bringing together some of Hollywood’s most valuable film, television and streaming assets.After an eight-month antitrust investigation, the Justice Department said the $111 billion transaction was unlikely to harm competition in streaming services, television broad…
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Washington, Feb 4 (IANS) A US Senate panel has flagged serious antitrust risks in Netflix’s $83-billion bid for Warner Bros. Discovery, questioning whether the merger would give the streaming giant excessive market power and reshape competition across the entertainment industry. Senate Antitrust Subcommittee Chair Mike Lee said the proposed transaction was “extraordinary in both scale and in potential consequence” and warranted close scrutiny.He said that Netflix, the world’s largest streaming p…