The Justice Department plans to scrutinize the new streaming service proposed by Walt Disney (DIS), Fox Corp.(FOXA) and Warner Bros. Discovery (WBD) over concerns it could harm consumers, media rivals and sports leagues, Leah Nylen and Todd Shields of Bloomberg report. Regulators will look at terms of the joint venture once it is finalized, but the companies haven’t been notified of the impending review and it may not lead to any action, two people familiar with the process told Bloomberg.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DIS:
- Disney Bets Big on Streaming. Should You Bet on DIS Stock?
- Trian sends letter to Disney shareholders ‘starved of returns’
- Peltz says ‘we’re not going to lose’ in fight for spot on Disney board
- Disney has ‘one of the best, if not the best’ amalgamation of brands, Peltz says
- Disney making ’empty promises’ and ‘election day comments,’ Peltz says
