Warren on Netflix-Warner Bros. Proposed Deal: “Anti-Monopoly Nightmare”

Washington, D.C. –Today, in response to the news thatNetflix will buy Warner Bros. after a weeks-long bidding war, U.S. Senator Elizabeth Warren (D-Mass.) released the following statement:
“This deal looks like an anti-monopoly nightmare. A Netflix-Warner Bros. would create one massive media giant with control of close to half of the streaming market — threatening to force Americans into higher subscription prices and fewer choices over what and how they watch, while putting American workers at risk.
“Under Donald Trump, the antitrust review process has also become a cesspool of political favoritism and corruption. The Justice Department must enforce our nation’s anti-monopoly laws fairly and transparently — not use the Warner Bros. deal review to invite influence-peddling and bribery.”
Senator Warren has long sounded the alarm on antitrust concerns and apparent political favoritism in the Trump administration’s handling of media mergers:
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