The FTC’s office of public affairs director, Lindsay Kryzak, says “The FTC does not comment on any particular matters. However, we reiterate that the Commission does not approve transactions and may challenge a deal at any time if it determines that it violates the law. Additionally, this summer the FTC announced that it will send pre-consummation warning letters in connection with deals it cannot fully investigate within the timelines established by the HSR Act. These letters alert merging parties that their transactions remain under investigation, and warn that consummation occurs at their own risk.”
— MGM Studios (@mgmstudios) March 17, 2022
This announcement comes as other media behemoths aim to shake up the streaming sector. AT&T said last year that it will combine WarnerMedia and Discovery in a move that would include content from major networks such as HBO, CNN, Cartoon Network, HGTV, TLC, Food Network, and others. HBO Max and Discovery Plus will be consolidated into one app as a result of the merger, which was approved by the US government in February.
