Paramount Accuses Netflix of ‘Panic-Level’ ‘Scorched-Earth Campaign’ to ‘Poison’ Regulators Against Warner Bros. Deal

Paramount's top lawyer alleges that Netflix is executing a scorched-earth campaign to poison regulators and stakeholders against the pending $111 billion deal with Warner Bros. Discovery. According to Paramount, Netflix is acting out of panic regarding the prospect of competing with a merged entity. This aggressive strategy aims to block the acquisition of Warner Bros. streaming and studios businesses, as Netflix seeks to prevent the consolidation of these two major industry competitors in the market.