Regulatory Clouds Gather
The prospect of either transaction has drawn scrutiny from lawmakers worldwide concerned about antitrust implications. The U.S. Department of Justice has initiated a review, and regulators in other countries may also examine the deals.
Both Paramount and Netflix said they received securities clearance from German authorities last month.
Shares of Warner Bros. Discovery rose more than 3% in Tuesday trading. Paramount gained over 5%, while Netflix edged slightly higher.
What unfolds after the seven-day window closes remains uncertain. For now, Hollywood’s high-stakes showdown continues — a battle not just for assets, but for the future architecture of the entertainment industry.
