Paramount accuses Netflix of lobbying campaign against Warner Bros. Discovery merger
By
Daniel Arkin, Bella LoBue
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
Paramount Skydance has accused Netflix of launching a "scorched-earth campaign" to undermine its proposed $110 billion acquisition of Warner Bros. Discovery. In a letter to the Justice Department, Paramount's chief legal officer Makan Delrahim criticized Netflix for what he described as a "panic-level response" to the merger, arguing it shows Netflix views Paramount as a serious competitive threat. The letter was sent to the DOJ on Friday and first reported by Politico.
Key quotes
· 3 pulledParamount Skydance has accused Netflix of spearheading a 'scorched-earth campaign to try and poison regulators and other stakeholders' against its $110 billion purchase of rival Hollywood studio Warner Bros. Discovery.
Paramount Skydance chief legal officer Makan Delrahim excoriated Netflix for what he called a 'panic-level response' to the merger.
Delrahim said the Netflix campaign illustrates 'just how seriously Netflix takes Paramount as a scaled competitor.'
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