ICYMI: Congressman Issa Writes Letter to Justice Department Regarding Potential Netflix bid for Warner Brothers/ Discovery

WASHINGTON, D.C. – Congressman Darrell Issa (CA-48), Senior Member of the House Judiciary Committee and Chairman of its Subcommittee on Intellectual Property, Artificial Intelligence and the Courts, wrote a letter to Attorney General Pam Bondi and Gail Slater, the  
Assistant Attorney General, Antitrust Division expressing antitrust concerns over reports of Netflix potentially acquiring the studio and streaming properties of Warner Bros./Discovery.

In the letter, Rep. Issa stated: “With more than 300 million global subscribers and a vast content library, Netflix currently wields unequaled market power. Adding both HBO Max’s subscribers and Warner Bros.’ premier content rights would further enhance this position, reportedly pushing the combined entity above a 30 percent share of the streaming market: a threshold traditionally viewed as presumptively problematic under antitrust law.”

He also added: “I appreciate the Administration’s determined efforts to promote competitive markets and establish a record of regulatory common sense. I urge you continue to protect a critical American industry, enhance consumer choice, and safeguard vital American jobs.”

Congressman Issa’s letter to the Justice Department can be found here. 

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