WBD Merger Impact On Labor & Consumer Markets.pdf

2023.04.07 Letter to DOJ .pdf
Preview of WBD Merger Impact on Labor & Consumer Markets
🔗 Source: castro.house.gov
📊 Size: 899 KB
👤 Author: Acevedo, Celeste
⬇️ Downloads: 31

Summary

- Background: Letter to Attorney General Garland and Assistant Attorney General Kanter regarding WarnerMedia/Discovery merger.
- Concerns: Post-merger, Warner Bros. Discovery (WBD) has adopted potentially anticompetitive practices, reducing consumer choice and harming workers.
- WBD Actions:
- Cancelled several TV shows and movies, including "Batgirl," "Gordita Chronicles," and "Demimonde."
- Laid off thousands of employees, including 350 from CNN+ and 400 from CNN, and cut CNN's programming budget.
- Removed 68 titles from HBO Max, limiting consumer access to content.
- Plans to combine HBO Max and Discovery+ into one streaming platform, with potential quality reductions for lower-priced plans.
- Request: Department of Justice to investigate the merger's competitive consequences and reassess the transaction based on WBD's post-transaction conduct.

Description

We follow up on our December 2021 letter regarding the WarnerMedia/Discovery transaction, urging the Justice Department to investigate competition in affected labor and consumer markets. The merger enabled Warner Bros. Discovery to adopt potentially anticompetitive practices, reducing consumer choice and harming workers.

Technical Information

  • File Format: PDF
  • File Size: 899 KB
  • Pages: 4
  • Language: EN
  • Author: Acevedo, Celeste
  • Total Downloads: 31
  • Last Updated: 2 weeks ago

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