Netflix-Walmart Deal Hurt Competition, 9th Circ. Hears

Law360, San Francisco (February 13, 2014, 6:26 PM EST) -- Netflix Inc. subscribers urged the Ninth Circuit on Thursday to revive their antitrust multidistrict litigation accusing Netflix of conspiring with Wal-Mart Stores Inc. to corner the online DVD sales and rental markets, arguing that a lower court ignored evidence they were harmed by the alleged conspiracy.

A California federal judge was wrong to buy Netflix's argument that it didn't view Wal-Mart as a viable competitor and that a 2005 agreement in which Netflix would acquire Wal-Mart's subscriber base didn't constitute an anti-competitive move, plaintiffs attorney Robert Abrams...
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