Paramount Accuses Netflix of 'Scorched-Earth Campaign' Against $110 Billion Warner Bros. Discovery Deal
Paramount has accused Netflix of mounting a 'scorched-earth campaign' against Paramount's proposed merger with Warner Bros. Discovery, adding a new corporate dispute to the takeover fight. Netflix rejected the allegation as absurd, saying it walked away from the deal months ago and remains focused on its own business, and that regulators will decide whether the transaction is in the industry's best interest.
The clash adds to opposition already surrounding Paramount's planned $110 billion Warner Bros. Discovery transaction. Earlier coverage focused on labor protests and potential antitrust scrutiny, and Paramount has previously indicated it could divest some children's TV network assets if needed to secure European Union approval.
From the sources (7 posts)
@reutersHollywood workers rally against Paramount-Skydance deal
@firstsquawkHollywood workers rally against Paramount-Skydance deal
@reutersHollywood workers rally against Paramount-Skydance deal
@politicoRT @DanielNMiller: Update: Netflix is pushing back after Paramount accused the streamer of waging a “scorched-earth campaign” against its W…
@varietyA Netflix spokesperson tells Variety that Paramount’s accusation that the streamer is waging a “scorched-earth campaign” against its Warner Bros. merger is “absurd”: “We walked away from this deal months ago and remain focused on our own b
@deadlineParamount Accuses Netflix Of “Scorched Earth Campaign” To Derail WBD Merger, Streamer Calls Claims "Absurd"
@politicoRT @DanielNMiller: SCOOP: Paramount has accused Netflix of launching a "scorched-earth campaign" against its Warner Bros. purchase in a let…