Brendan Carr said Paramount Skydance's merger with Warner Bros. Discovery is a 'good deal' and may be approved 'pretty quickly.'
In fact, he believes Netflix would have had a harder time going through the regulatory process had its merger agreement proceeded.Supreme Court’s Trump tariffs slap-down could limit, if not end, economic damageissues concerning the entertainment company’s strengthened consolidation in the streaming market.
If the platform merged with the WBD-owned HBO Max, Netflix would have solidified its spot as the top streaming service. By contrast, the FCC chief said, Paramount’s deal is “a lot cleaner” and “does not raise at all the same types of concerns.”than Netflix, even after a possible merger. Once the deal closes, Paramount+ and HBO Max will become one platform. It hasn’t been given a name yet.to match Paramount’s final revised bid. The WBD Board of Directors found that Paramount’s $31-per-share offer was “superior” to Netflix’s agreed $30-per-share bid. In response, Netflix said its deal was “no longer financially attractive” and decided to let Paramount take the win. As part of the deal, Paramount and WBD each intend to release 15 films in movie theaters per year. The goal is quite ambitious, considering WBD released 11 theatrical films last year. Only eight films were released by Paramount in 2025. Despite the consumer benefits, one of the downsides to the deal is that both studios will likely implement major layoffs because there will be too many redundant positions if and when the merger becomes official. Paramount CEO David Ellison hasn’t clearly addressed the expected post-merger layoffs yet.“If there’s any FCC role at all, it’ll be a pretty minimal role,” he said. “And I think this is a good deal, and I think it should get through pretty quickly.” The FCC may be involved to some extent, as it typically reviews deals involving broadcast networks, such as Paramount’s CBS. The commissionWhile Carr is in favor of WBD’s second merger agreement, Paramount is expected to face tough opposition from blue states over antitrust concerns.Attorney General Rob Bonta stated his office would subject the transaction to a “full and robust review.” Bonta may outline his concerns in a letter to the DOJ at some point, just as Republican attorneys general
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