Netflix’s proposed acquisition of Warner Bros. and HBO faces significant antitrust scrutiny due to the potential for increased market dominance, raising concerns about competition, worker conditions, and innovation within Hollywood. Regulators will examine whether the deal is driven by efficiency or a desire for growth, and the possibility of political influence adds another layer of complexity. The deal’s challenge lies in justifying its rationale to antitrust enforcers, particularly regarding its impact on creators, workers, and the overall entertainment landscape.