U.S. Antitrust Senator Wants A Hearing On The Disney / Fox Deal
With this weeks announcement of Disney purchasing 21st Century Fox, US Senator Amy Klobuchar, who is a Democrat and a ranking Member on the Subcommittee on Antitrust, Competition Policy and Consumer Rights, has urged the subcommittee to hold a hearing on the purchase.
She has released at statement saying:
‘This week we have seen the announcement of another industry-changing merger, which would have major implications in television, film, and media. Yesterday, Disney announced that it is acquiring 21 Century Fox’s film and television studios, cable entertainment networks, and international television businesses. I’m concerned about the impact of this transaction on American consumers.’
‘As the Ranking Member of the Senate Judiciary Subcommittee on Antitrust, I have asked Senator Lee, who has worked closely with me in this area in the past, and Chairman Grassley to schedule a hearing on the proposed merger so that there is appropriate oversight over the antitrust review process.’
A spokesman for Senator Lee has said ”A hearing has not been ruled out.”
This week has seen many different antitrust experts say that the deal would likely win approval from the U.S. Justice Department, which is expected to review the purchase since they have reviewed other content deals. However it is thought that the agency may require asset sales or conditions.