Group 1 - The proposed deal will be scrutinized by regulators due to new guidelines established in 2023, which outline the review process for such transactions [1][2] - A key consideration for regulators will be the market definition, specifically whether the competition is within online streaming subscription services or a broader attention economy [3][4] - The focus of U.S. antitrust law is on consumer welfare, meaning regulators will assess whether the merger will harm consumers, affect prices, or impact quality [5][6] Group 2 - The global perspective is crucial, as regulatory approval is not limited to the U.S.; international regulators, such as those in the EU, may also impose challenges [7][9] - Historical context shows that large tech acquisitions, like Microsoft’s acquisition of Activision, faced significant debate in Europe but ultimately received approval [8] - Netflix has proactively addressed consumer concerns by claiming that the merger will benefit consumers and enhance content creation, indicating a focus on the industry's overall health [10][11] Group 3 - The definition of the market may include content creation, raising questions about the role of user-generated content alongside traditional studio-created content [11][12] - The evolving landscape of content consumption, including platforms like YouTube, may influence how regulators define the market and assess competition [12]