The Warner Brothers-Netflix merger could doom Hollywood film workers
Briefly

The Warner Brothers-Netflix merger could doom Hollywood film workers
"The pandemic-inflicted production pause bled workers' savings, forcing many to seek income outside the industry. Once work restarted, those who wanted to return to work - grips, camera operators, writers, directors, administrative staff, the Teamsters who ferry cast and crew to film sets - found some of those jobs never came back - the new normal of smaller, leaner Hollywood, had arrived."
""The world's largest streaming company swallowing one of its biggest competitors is what antitrust laws were designed to prevent," the WGA-West and WGA-East said in a statement urging the deal be blocked. "The outcome would eliminate jobs, push down wages, worsen conditions for all entertainment workers, raise prices for consumers, and reduce the volume and diversity of content for all viewers.""
Pandemic shutdowns depleted film-industry workers' savings and pushed many to seek income outside entertainment. When production resumed, numerous crew and staff positions did not return as studios moved to smaller, leaner operations. The 2023 writers' and actors' strikes further interrupted work and coincided with ongoing industry contraction; production remained depressed two years later. A proposed $83 billion acquisition of Warner Bros. Discovery by Netflix, including studio lots and HBO Max, prompted unions to warn that the deal would eliminate jobs, depress wages, worsen conditions, raise consumer prices, and reduce content volume and diversity.
Read at Fast Company
Unable to calculate read time
[
|
]