U.S. Department of Justice Investigates Whether Netflix Engages in Anticompetitive Behavior
As part of its review of Netflix's $720 billion acquisition of Warner Bros. Discovery's studios and HBO Max plans, the Department of Justice is investigating Netflix's business practices. A subpoena indicates the DOJ is examining whether the deal would solidify Netflix's market dominance or weaken competition. Regulators are also reviewing Paramount's competing bid and studying the impact of past mergers on competition and creative talent. Netflix stated that this review is routine and expects approval, arguing the deal is a vertical integration that will lower costs for consumers.
$Netflix(NFLX.US)
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