Lawmakers are calling for a U.S. Department of Justice review of the Warner Bros. Discovery merger after company scrapped Latino programs and made cuts at CNN.
Rep. Joaquin Castro wants to rethink film subsidies if studios don’t improve Latino representation: “We cannot subsidize our own exclusion.”Despite the criticisms of high-profile members of Congress, it would be highly unusual for the DOJ to try to unwind a merger that already received the blessing of regulators.how best to modernize and enforce antitrust laws
“It isn’t done too often, but there are some actions here that are also somewhat unprecedented,” the Texas lawmaker said, citing Warner Bros. Discovery’sand the project was in post-production. “For the sake of a tax write off, because the company is carrying so much debt as a result of the merger, they canceled it,” Castro said. “If there had been no merger, that movie would have ended up going to theaters and on the streaming platforms.”
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