Democrats in Congress are taking aim at the pending $43 billion merger of WarnerMedia and Discovery, pushing the Justice Department to scrutinize the transaction on antitrust grounds.
In a letter sent Monday to Attorney General Merrick Garland and Justice Department antitrust chief Jonathan Kanter, the legislators assert that too much consolidation in media will hurt competition in Hollywood’s labor market and result in less diversity overall in content.
“This transaction raises significant antitrust concerns. In particular, the merger threatens to enhance the market power of the combined firm and substantially lessen competition in the media and entertainment industry, harming both consumers and American workers,” the letter states. “In light of these concerns, we respectfully urge the Department to conduct a thorough review of this transaction to ensure that it does not harm American consumers and workers by illegally harming competition.”
The letter was spearheaded by U.S. House member Joaquin Castro of Texas,...
In a letter sent Monday to Attorney General Merrick Garland and Justice Department antitrust chief Jonathan Kanter, the legislators assert that too much consolidation in media will hurt competition in Hollywood’s labor market and result in less diversity overall in content.
“This transaction raises significant antitrust concerns. In particular, the merger threatens to enhance the market power of the combined firm and substantially lessen competition in the media and entertainment industry, harming both consumers and American workers,” the letter states. “In light of these concerns, we respectfully urge the Department to conduct a thorough review of this transaction to ensure that it does not harm American consumers and workers by illegally harming competition.”
The letter was spearheaded by U.S. House member Joaquin Castro of Texas,...
- 12/6/2021
- by Cynthia Littleton
- Variety - Film News
Similar News
9 Years Later, Anya Taylor-Joy’s 90%-Rated Horror Available on Prime Still Gives Redditors Goosebumps
- 5/13/2024
- by info@startefacts.com (Ava Raxa)
- STartefacts.com
The Chi Will See a Major Death Before the End of Season 6: ‘Sadness for Everyone,’ Stars Tease
- 5/13/2024
- by Kimberly Roots
- TVLine.com
Echo Is Disney+'s Second Biggest TV Series In 2024...But It's Still A Long Way From First Place
- 5/13/2024
- ComicBookMovie.com
James Gunn Must be Grinning Right Now: Creature Commandos Synopsis Hints Rick Flag Sr. vs Peacemaker Showdown is Imminent
- 5/13/2024
- by Ananya Godboley
- FandomWire
Timothy Spall and Sarah Lancashire on winning BAFTA TV Awards
- 5/13/2024
- by Jacob Sarkisian
- Gold Derby
Intramovies Sells Venice Horizons Winner ‘Paradise Is Burning’ in Key Territories Ahead of Cannes (Exclusive)
- 5/13/2024
- by Annika Pham
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
Edgar Wright in Talks to Direct ‘Barbarella’ Starring Sydney Sweeney
- 5/13/2024
- by Katcy Stephan
- Variety - Film News
Third ‘Downton Abbey’ Movie Set With Paul Giamatti
- 5/13/2024
- by Mia Galuppo
- The Hollywood Reporter - Movie News
‘Kingdom of the Planet of the Apes’ Swings to $72 Million at Overseas Box Office, Mighty $131 Million Globally
- 5/12/2024
- by Rebecca Rubin
- Variety - Film News
Roger Corman, Pioneering Independent Producer and King of B Movies, Dies at 98
- 5/12/2024
- by Richard Natale and Tim Gray
- Variety - TV News
GLAAD Media Awards: Jennifer Lawrence Roasts Mike Pence, Drag Activist Protests Inside Ceremony
- 5/13/2024
- by Kevin Dolak
- The Hollywood Reporter - Movie News
Aida Rodriguez: Unpacking My Childhood Traumas Through Comedy Is Cathartic
- 5/6/2024
- by Aida Rodriguez
- Popsugar.com
How Erik Rivera Uses Comedy to Heal and Help Others
- 5/6/2024
- by Miguel Machado
- Popsugar.com
Ian Lara: Comedy Gave Me the Strength to Overcome My Mother's Death
- 5/6/2024
- by Ian Lara
- Popsugar.com
Sasha Merci: How Comedy Has Helped Me Navigate Depression
- 5/6/2024
- by Sasha Merci
- Popsugar.com
Gina Brillon: The Loss of My Grandmother Pushed Me to Pursue Comedy
- 5/6/2024
- by Gina Brillon
- Popsugar.com
Apple TV+ Is Pitching a New Compensation Model for Creators — Report
- 5/13/2024
- by Brian Welk
- Indiewire
Edgar Wright in Talks to Direct Sydney Sweeney’s ‘Barbarella’ Remake
- 5/13/2024
- by Samantha Bergeson
- Indiewire
Kevin Costner Speaks Out on ‘Yellowstone’ Drama: ‘Paramount and 101 Studios Mismanaged This’
- 5/13/2024
- by Harrison Richlin
- Indiewire
Paul Giamatti, Joely Richardson & Alessandro Nivola Join The Cast of Forthcoming ‘Downton Abbey 3’
- 5/13/2024
- by Martin Miller
- The Playlist
Jason Statham To Star in Baltasar Kormákur’s New Action Film
- 5/13/2024
- by Martin Miller
- The Playlist
Edgar Wright in Talks to Direct ‘Barbarella’ Starring Sydney Sweeney
- 5/13/2024
- by Katcy Stephan
- Variety - Film News
‘Kingdom of the Planet of the Apes’ Swings to $72 Million at Overseas Box Office, Mighty $131 Million Globally
- 5/12/2024
- by Rebecca Rubin
- Variety - Film News
Roger Corman, Pioneering Independent Producer and King of B Movies, Dies at 98
- 5/12/2024
- by Richard Natale and Tim Gray
- Variety - TV News
Apple TV+ Is Pitching a New Compensation Model for Creators — Report
- 5/13/2024
- by Brian Welk
- Indiewire
Producer Jason Cloth Ordered to Pay $19.6 Million After Skipping Fraud Trial
- 5/13/2024
- by Gene Maddaus
- Variety - Film News
Carrie-Anne Moss Joins Arnold Schwarzenegger in Season 2 of FUBAR
- 5/13/2024
- by IMDb News
- IMDb News
Third ‘Downton Abbey’ Movie Set With Paul Giamatti
- 5/13/2024
- by Mia Galuppo
- The Hollywood Reporter - Movie News
Louis Cato, Jimmy Kimmel Mark Stephen Colbert’s 60th Birthday
- 5/13/2024
- by Nick Riccardo
- LateNighter
‘Downton Abbey 3’ Confirmed: The Returning Cast & Everything We Know So Far
- 5/13/2024
- TV Insider
‘Reservation Dogs’ Shows How Great Makeup Can Look Like No Makeup at All
- 5/13/2024
- by Sarah Shachat
- Indiewire Television