During an interview with CNBC, Paramount’s CEO Ellison says Netflix’s deal to buy part of WBD would create a company with “unprecedented market power:” > When you combine the number one streamer with the number three streamer, that creates a company that has unprecedented market power, north of 400 million subscribers. The next largest competitor is Disney, with just under 200 million. That’s bad for Hollywood, that’s bad for the creative community, that’s bad for consumers. [Media: https://www.youtube.com/watch?v=iX4ErlkVluU]
David Ellison pitches Paramount’s hostile bid for WBD as “pro consumer.”
