Netflix has been hit with a consumer lawsuit seeking to block the online video giant's planned $72 billion acquisition of Warner Bros Discovery's studio and streaming businesses. The proposed class action was filed on Monday by a subscriber to Warner Bros-owned HBO Max who said the proposed deal threatened to reduce competition in the US subscription video-on-demand market. Some members of Congress have sharply questioned Netflix's proposal, which is expected to face significant US regulatory scrutiny under antitrust laws. Netflix did not immediately respond to a request for comment. "Netflix has demonstrated repeated willingness to raise subscription prices even while facing competition from full-scale rivals such as WBD," the lawsuit said. The lawsuit said the Warner Bros deal
Netflix faces consumer class action over $72bn Warner Bros deal
The Times of India1 hrs ago
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