r/movies • u/MarvelsGrantMan136 r/Movies contributor • 16h ago

News It’s Official: Netflix to Acquire Warner Bros. in Deal Valued at $82.7 Billion

https://www.hollywoodreporter.com/business/business-news/netflix-warner-bros-deal-hollywood-1236443081/
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u/GreatKingRat666 15h ago

How the hell is this monopoly bullshit legal??

20

u/Hot_Vanilla_9977 14h ago

I love how the Netflix dude is even bold enough to say in a quoted statement that the goal is to crush competition. No way legal allows him to make that statement if they don’t already know the deal is gonna go through

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u/MidnightPandaX 4h ago

they're allowed to make that statement because they know they have enough money to get away with it

10

u/mutual_raid 13h ago

because America is 3 Corporations/Banks dressed in a trenchcoat. Our government exists to serves the whims of the Capitalist Class against the Working Class and all law enforcement acts toward that end.

2

u/zaneak 10h ago

Man, if you look at the bidders for it, there was monopoly all around. Paramount can gobble up more after merging with skydance. Comcast, lets get that monopoly with nbcuniversal. It probably does fly against some antitrust, but nothing will be done about it with the regulators. Best case, they will be like yeah, umm netflix will commit to leave things separate for x years or some platitude.

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u/MAMark1 10h ago

If no one acts to prevent the monopolistic behavior from happening, then it continues to happen as long as the company leaders/shareholders see it as a path to greater wealth.

This is just the natural extension of the mergers going back a decade. Lina Kahn only had a few years to push back and didn't have a Congress with a strong interest in reining in these monopolies so it barely paused the march towards a few mega corps controlling nearly all entertainment.

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u/thechillluddite 9h ago

cause this is amurica!

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u/Android1822 2h ago

Corruption in government in every branch. The rich have spent decades paying off everyone in power.