Paramount takes Netflix-Warner deal fight to Congress as takeover battle turns political
WASHINGTON, Jan 11, 2026, 13:43 EST Paramount has urged U.S. lawmakers to take a hard look at Netflix’s proposed acquisition of key Warner Bros Discovery assets. In a written filing, the company labeled the deal “presumptively unlawful.” Paramount also dismissed claims that free video platforms can compete with paid streaming as “psychedelic antitrust,” arguing there’s “no ground in market or legal reality” for such comparisons. (PYMNTS.com) This shift is significant, ramping up political pressure on a takeover battle already drawing regulatory scrutiny. Warner Bros Discovery’s board has urged shareholders to support its deal with Netflix, dismissing Paramount Skydance’s bid. The