​AG Bonta issued the following statement regarding the proposed purchase of Warner Bros. by either Paramount or Netflix — all three are among the top mass media and entertainment companies. These proposals have been met with concerns that they could increase market concentration, reduce competition, hurt workers in the media industry, and limit creative diversity.

“Further consolidation in markets that are central to American economic life does not serve our economy, consumers, or competition well. In fact, consolidation of markets has led to increased unaffordability, a loss of good-paying job opportunities, and fewer choices for consumers. The film and entertainment industry in California not only has historical importance to our state, it also is a critical sector that buoys the state’s economy of California and touches the lives of Americans daily. The proposed Warner Brothers transactions must receive a full and robust review, and California is taking a very close look. We are committed to fighting market consolidation that we find unlawful.” – AG Bonta