Net bros There is no shortage of comment, informed or otherwise, to which I need not add, about the Netflix bid for Warner Bros. However, I will observe that there is also plenty of regulatory uncertainty. If the deal does not get competition clearance, Netflix will have to pay a $5.8 billion breakup fee. If the other side pulls out, they will have to pay Netflix $2.8 billion. Whatever happens, Netflix has effectively managed to neutralise potential competition on several fronts. Whether that is a good thing for producers or consumers is another matter.
William CooperEditor
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