Netflix-Warner Bros Deal Reportedly Attracts Concern From Senate Antitrust Panel Chair

Mike Lee in a letter to Netflix and Warner Bros Discovery reportedly said the deal “appears likely to raise serious antitrust issues.”
In this photo illustration, the Netflix logo is seen displayed on a smartphone screen and a Warner Bros. Discovery logo in the background.
In this photo illustration, the Netflix logo is seen displayed on a smartphone screen and a Warner Bros. Discovery logo in the background. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
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Jaiveer Shekhawat·Stocktwits
Published Jan 26, 2026   |   5:35 PM EST
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The chairman of the Senate’s antitrust subcommittee is reportedly raising concerns over Netflix's proposed acquisition of the Warner Bros. movie-and-television studios and HBO Max streaming service.

According to a report from Wall Street Journal, Senator Mike Lee in a letter to Netflix and Warner Bros Discovery said the deal “appears likely to raise serious antitrust issues, including risk of substantially lessening competition in streaming markets.” 

The letter was sent to Netflix co-CEOs Ted Sarandos and Greg Peters and Warner Bros chief David Zaslav last week, as per the report. 

Get updates to this developing story directly on Stocktwits.

 

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