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Warner Bros Discovery Sale May Raise Antitrust Questions
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Decades ago, home entertainment consisted of three television channels. Then came cable TV, the videocassette recorder, and the internet. Today, we are in another entertainment revolution, as people are cutting the cord on cable TV and turning to dozens of streaming services for their entertainment.
And now, Warner Bros. Discovery (WBD) is seeking buyers for its entertainment portfolio. As the Wall Street Journal reported Nov. 20, first-round indications of interest were due soon. Paramount, Comcast, and Netflix have already submitted nonbinding bids, and WBD apparently hopes to finish the process before the end of the year.