After Paramount Skydance was named the winning bidder for Warner Bros. Discovery, questions about regulatory approval abounded. FCC Chair Brendan Carr says worries shouldn’t persist.
While speaking CNBC‘s Arjun Karpal at the Mobile World Congress in Spain on Tuesday, Carr said he believed that the deal wouldn’t face much scrutiny from regulators and would likely be approved quickly.
“If there’s any FCC role at all, it’ll be a pretty minimal role. And I think this is a good deal, and I think it should get through pretty quickly,” Carr said.
Brendan Carr added that there were “a lot of concerns” from the Commission about the proposed deal between Warner Bros. Discovery and Netflix.
“That particular combination raised a lot of competition concerns,” he said, adding that the deal “would have a very difficult path” to approval.
He shared that the deal between Paramount and WBD is “a lot cleaner, does not raise at all the same types of concerns.
“I think there’s some real consumer benefits that can emerge from it,” he concluded.
Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.
