""But if Netflix acquires Warner Bros., this long-prophesied death may finally arrive, not in the sense that filmmaking will cease but in the sense that Hollywood will become a system that circles a single sun, materially changing its cultural output,""
""All orbits-every deal, every creative decision, every creative career-will increasingly revolve around the gravitational mass and imprimatur of one entity.""
""A Netflix merger with Warner Bros. would create a monopsony problem: too few buyers with too much bargaining power,""
""Writers, directors, actors, showrunners, puppeteers, visual effects artists-all are suppliers. The fewer buyers competing to hire them, the lower their compensation and the narrower their opportunities.""
A Netflix acquisition of Warner Bros. would centralize buying power and risk creating a monopsony that shapes every deal, creative decision, and career. The combined company would command a larger share of content spending, reducing the number of competing bidders and likely decreasing overall production. Distinct development cultures, tastes, and risk tolerances would be marginalized, narrowing the range of cultural output. Creative and technical suppliers would face weaker bargaining positions, lower pay, and fewer opportunities. Netflix has indicated Warner Bros. operations and theatrical releases would continue, and HBO would be included, but centralization remains the primary concern.
Read at Fortune
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