Netflix has also told Warner Discovery that Paramount could face its own legal challenges. It suggested that state attorneys general, who also have antitrust authority, could sue to oppose Paramount’s acquisition of the Warner movie and TV studios and cable assets.

Netflix (NFLX.O) pitched its $72 billion acquisition of Warner Bros Discovery's studios and streaming division as aligned with the priorities of President Donald Trump's competition enforcers on Frida...

Netflix estimates it will find $2bn to $3bn in savings, mostly through eliminating overlaps in the support and technology areas of the businesses.