One of the largest media acquisitions in a crowded area popped up final week, as Netflix introduced its acquisition of Warner Bros Discovery in addition to its related streaming service HBO Max for round US$83 billion.
The deal consolidates two of the largest leisure corporations on the planet into one mega-corporation with management of round half the streaming market, and has been criticised as deeply anti-competitive.
The Writers Guild of America known as on the US authorities to dam the merger, saying it will “remove jobs, push down wages, worsen circumstances for all leisure employees, increase costs for customers, and cut back the quantity and variety of content material for all viewers”.
