Senate antitrust panel chair raises concerns over Netflix-Warner deal

The chairman of the Senate’s antitrust subcommittee is raising concerns over Netflix’s proposed acquisition of the Warner Bros. movie-and-television studios and HBO Max streaming service.

In a letter to Netflix and Warner Discovery leaders, Sen. Mike Lee (R., Utah) said the deal “appears likely to raise serious antitrust issues, including the risk of substantially lessening competition in streaming markets.” Lee’s letter was sent to Netflix Co-Chief Executives Ted Sarandos and Greg Peters and Warner Discovery Chief Executive David Zaslav last week.

Click here to read more.