FCC Chair sees ‘legitimate competition concerns’ from Netflix-Warner deal

Federal Communications Commission Chairman Brendan Carr told Bloomberg in an interview that Netflix’s (NFLX) proposed takeover of Warner Bros. Discovery (WBD) creates “legitimate competition concerns.” Carr doesn’t have the same concerns should Paramount Skydance (PSKY) acquire Warner Bros., Bloomberg’s Kelcee Griffi reports. “What you’ve seen Netflix do as a general matter, in terms of their organic growth, is fantastic. There are legitimate competition concerns that I’ve seen raised about their acquisition here and just the sheer amount of scale and consolidation you can see in the streaming market,” Carr said.