Following Netflix’s winning bid to purchase Warner Bros., worth $82.7 billion, several figures within the MAGA movement have expressed concern and fear of the deal. Prominent right-wing influencers, such as Laura Loomer, claimed the acquisition would lead to an “Obama News Network,” despite the deal not including CNN. Other figures, like Jack Posobiec and Matt Gaetz, voiced their apprehension, citing an “influence scheme” and potential antitrust violations. Furthermore, many expressed concerns that the acquisition would create a streaming monopoly.
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Netflix has agreed to acquire Warner Bros. Discovery in an $82.7 billion deal, significantly reshaping the entertainment industry by giving Netflix control over major assets like Warner Bros. and HBO. The agreement includes WBD’s extensive TV archive and TNT Sports UK & Ireland but excludes its cable channels like CNN, TBS, and TNT, which will be spun off. The deal has raised competition concerns and is expected to undergo a lengthy regulatory process, with Netflix anticipating substantial annual savings. Paramount also bid for WBD, but the acquisition was fraught with accusations of an unfair auction process.
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France is taking legal action against the Australian streaming platform Kick following the death of a French user during a livestream. The 46-year-old user, known online as “Jean Pormanove,” died during a 12-day live streaming marathon, prompting scrutiny of the platform’s handling of dangerous content. French authorities are investigating Kick for potential violations of laws regulating online content and the EU’s Digital Services Act, with penalties including potential imprisonment and fines. The probe will examine whether Kick knowingly broadcast content that attacked the user’s personal integrity.
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John Q. Hosedrinker