Paramount Skydance's $111 billion purchase of Warner Bros. Discovery (WBD) has a notable supporter in Federal Communications Commission Chairman Brendan Carr. The FCC boss told CNBC today that the Paramount/WBD combination "is a lot cleaner" than the now-defunct Netflix deal to buy WBD.
Netflix "would have had a very difficult path forward from a regulatory perspective" because of "the scope and scale" of the streaming service that would have been created by combining Netflix with WBD property HBO Max, Carr said. There were "a lot of concerns in DC" about Netflix buying the company, he said.
Netflix backed out of its deal with Warner Bros. instead of matching the Paramount offer. Although Paramount plans to merge its own Paramount+ streaming service with HBO Max, Carr said the Paramount/WBD merger "does not raise at all the same types of concerns [as Netflix]. I think there's some real consumer benefits that could emerge from it."
