Xin Lang Cai Jing·2025-12-05 17:05Core Viewpoint - The acquisition of Warner Bros Discovery's film and streaming assets by Netflix for $72 billion is criticized as an antitrust "nightmare" that could harm employees and consumers [1][6]. Group 1: Political Reactions - Senator Elizabeth Warren argues that the merger will create a media giant controlling nearly half of the streaming market, potentially leading to higher subscription fees and reduced choices for consumers [1][6]. - Republican Senator Mike Lee warns that the acquisition should alert global antitrust enforcement agencies, suggesting it could end the golden age of streaming for content creators and consumers [2][7]. - Other Republican lawmakers have called for antitrust reviews, citing concerns over reduced competition and the potential decrease in theatrical releases by Netflix [2][7]. Group 2: Market Impact - The merger would combine Netflix's 300 million subscribers with HBO Max's 128 million, creating a formidable market player that could face strict scrutiny from the U.S. Department of Justice [2][9]. - Netflix defends the acquisition by claiming it will create jobs and enhance content offerings for its subscribers, arguing that it aligns with the government's focus on affordability [1][6]. Group 3: Regulatory Environment - The review process for the acquisition is expected to last several months, requiring Netflix to submit extensive data and internal assessments of market competition [4][9]. - Netflix's CEO expresses confidence in the regulatory process, stating that the deal benefits consumers, innovation, employees, creators, and economic growth [9].