A PYMNTS Company

US: Antitrust Chief vows to scrutinize Comcast

By  |  October 4, 2018

Antitrust regulators plan to scrutinize Comcast’s management of streaming video service Hulu, Assistant Attorney General Makan Delrahim said Wednesday, October 3.

“Certainly Hulu could be a competitor to the cable business,” Delrahim, the DOJ’s antitrust chief, told a Senate subcommittee at an oversight hearing. “And it’s one that we will examine carefully to see if they might take any conduct that would harm its ability to compete.”

Delrahim’s comments came in response to questions from Senator Richard Blumenthal (D-Connecticut), who asked whether Comcast’s new ability to help run Hulu could pose a risk to consumers.

When Comcast merged with NBCUniversal in 2011, the company agreed to refrain from managing Hulu for seven years. That term expired recently, leaving Comcast free to take an active role in overseeing Hulu. Last month, Comcast appointed three directors to the board of Hulu. The company—formed in 2007 as a joint venture between Fox and Disney, is currently owned by Comcast, Disney—Fox, and AT&T.

This summer, shortly before Comcast’s merger conditions expired, Delrahim said the DOJ planned to monitor the company.

Full Content: Deadline, Seeking Alpha

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.