Paramount Accuses Netflix of Campaigning Against Warner Bros. Discovery Merger; Netflix Calls Claims "Absurd"
By
Jill Goldsmith
Fresh out the oven, still warm. Top of the tray.
Summary
Paramount has sent a letter to the Department of Justice accusing Netflix of running a "scorched earth campaign" to derail the Warner Bros. Discovery merger amid regulatory review. Paramount claims Netflix is trying to poison regulators and stakeholders against the deal. Netflix has responded by calling the accusations "absurd." The dispute highlights tensions among major streaming and media companies as consolidation in the entertainment industry continues.
Key quotes
· 3 pulledParamount has slammed rival Netflix in a letter to the Department of Justice for campaigning against the Warner Bros. Discovery merger amid regulatory review of the deal.
Netflix's panic level response and scorched-earth campaign to try and poison regulators and other stakeholders against the Transaction
The streamer hit back called that 'absurd.'
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