Paramount Skydance (NASDAQ:PSKY) has reportedly alleged that Netflix Inc. (NASDAQ:NFLX) is attempting to undermine its proposed $110 billion acquisition of Warner Bros. Discovery (NASDAQ:WBD).

Paramount Counters Union Criticism

Paramount, in a letter to the U.S. Department of Justice, accused Netflix of initiating a “scorched-earth campaign” against the acquisition. The letter, dated June 5, was a response to a March report filed by the International Brotherhood of Teamsters with the Justice Department's Antitrust Division, reported POLITICO on Monday.

The Teamsters union, representing 15,000 Motion Picture Teamsters, warned that Paramount’s acquisition of its rival could threaten film and television jobs across the U.S. The union has called on the Justice Department to block the deal unless strong, enforceable measures are implemented to boost domestic production and safeguard workers’ jobs.

In March, the Teamsters argued that previous Hollywood mergers have hurt workers, pointing to Walt Disney Co.‘s (NYSE:DIS) acquisition of 21st Century Fox in 2019, which they said resulted in job cuts and canceled projects.

Makan Delrahim, the Paramount legal executive, pushed back against the same in the letter, arguing that Disney has increased ...