Netflix’s WBD bid is an antitrust drama without a villain
Expect lawyers to home in on the definition of ‘relevant market’ that best suits their argument
Expect lawyers to home in on the definition of ‘relevant market’ that best suits their argument

Buying WBD for $83bn would have cost the streaming giant financial flexibility and its ability to take on YouTube

Big media tie-ups have a poor record at creating value

Co-chief Greg Peters is ‘nervous for the industry’, days after streaming group cedes WBD tie-up to David Ellison’s company

Streaming giant says it makes up a relatively low share of US ‘TV time’ in quarterly letter to shareholders

Watchdog has come under government pressure to be less interventionist and to support growth

Ancora Holdings accused WBD board of failing to give proper consideration to rival bid from Paramount