FCC Chief Sees ‘Competition Concerns’ in Netflix-Warner Deal

Federal Communications Commission Chairman Brendan Carr sees “legitimate competition concerns” in Netflix Inc.’s proposed acquisition of Warner Bros. Discovery Inc.’s studios and streaming businesses, concerns he doesn’t share if Paramount Skydance Corp. were to acquire those assets.

The FCC, which regulates broadcast TV licenses, doesn’t have jurisdiction over the Netflix deal. There is a scenario in which the commission might have to review a Paramount-Warner Bros. combination because Paramount, owner of the CBS TV network, plans to raise money from foreign sources, Carr said.

Brendan Carr

Photographer: Kent Nishimura/Bloomberg

“What you’ve seen Netflix do as a general matter, in terms of their ...