A raging policy debate in Washington is forcing Hollywood to curb its enthusiasm for mergers and acquisitions — for now.
Federal regulators and some legal scholars are moving to radically overhaul how the nation enforces antitrust laws. That’s making it much harder for dealmakers and corporate titans to pursue M&A activity. The regulatory mood in Washington, where transactions of any size must be approved by the Justice Department and other agencies, has become downright hostile to large-scale deals.
For Hollywood, the timing is terrible. Disney, Warner Bros. Discovery, Comcast and NBCUniversal are conceiving potential new combinations with traditional or digital giants, but they’re hemmed in by the chilly
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