Netflix’s Warner Bros Discovery bid is an antitrust drama without a villain
Expect lawyers to home in on the definition of ‘relevant market’ that best suits their argument
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SUPERMARKETS, bank branches, best-selling books, barrels of oil – these are just a few of the markets that have vexed competition lawyers and judges over the decades.
The battle for US media empire Warner Bros Discovery (WBD) will pose a whole new set of questions – with no easy answers – about the way households parcel out their TV spending and their brain space.
Netflix’s US$72 million bid for WBD was trumped on Monday (Dec 8) by a rival cash offer from Paramount Skydance.
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