00:00It's Benzinga bringing Wall Street to Main Street
00:02Republican attorneys general from 11 states urged the U.S. Department of Justice to review
00:07Netflix's bid to acquire studio and streaming assets from Warner Brothers, according to CNBC.
00:13Nebraska and Montana led the group, which said the deal could create undue market concentration
00:18and harm consumers through higher prices, lower reliability, and less innovation.
00:23The attorneys general said Netflix's control of Warner Brothers content library and HBO Max
00:28could reduce competition among subscription platforms and affect theatrical movie releases.
00:33State officials from nine other states joined the letter.
00:36California's attorney general said the state is reviewing both the Netflix deal
00:40and Paramount Skydance's competing bid.
00:43Netflix said the deal would benefit consumers and workers.
00:46For all things money, visit Benzinga.com.
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