00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Department of Justice has summoned several of the largest U.S. theater chain owners to
00:06assess the impact of a potential sale of Warner Brothers Discovery, according to Bloomberg.
00:12Federal lawyers are gathering information on whether a sale would affect moviegoers
00:16or the number of movies released in theaters. The DOJ is believed to be concerned about
00:21Netflix's dominance in streaming. The streaming giant's policy of releasing only a limited
00:26number of movies in theaters for shorter runs has unsettled Hollywood.
00:30Netflix co-CEO Ted Sarandos met with theater chain CEOs in Los Angeles last week and pledged
00:35to release Warner Brothers movies in theaters exclusively for 45 days.
00:40WBED rejected Paramount Skydance's $31 per share bid and set a February 23rd deadline for a
00:46best and final offer.
00:48Analyst Gary Black said Netflix could win the bidding war and regain the $100 level.
00:53For all things money, visit Benzinga.com.
00:56Friends.
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