Here's what Hollywood heavy hitters have to say about the Netflix-Warner Bros. deal

"Hollywood heavy hitters and rank-and-file industry workers alike have spoken out against the megadeal. "If I was tasked with doing so, I could not think of a more effective way to reduce competition in Hollywood than selling WBD to Netflix," Jason Kilar, who previously ran Warner Bros. as the CEO of WarnerMedia, posted on X shortly after news of the deal broke."

""All media mergers end up hurting writers, actors, directors, and everyone else who works in the industry," "Parks and Recreation" creator Mike Schur posted Friday on Bluesky. "Fewer companies means fewer jobs, period." The Writers Guild of America's West and East branches said in a statement on Friday that the deal 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.""

"The $72 billion acquisition, which requires regulatory approval, would reshape an industry that is still reeling from the introduction of streaming services nearly two decades ago. By purchasing Warner Bros.' iconic studio, Netflix would knock out a major funder of TV and film projects, leaving creatives with fewer buyers and, potentially, audiences with a less diverse slate of content. The consolidation could also result in fewer jobs for creative talent and crew members."

Netflix plans to acquire Warner Bros. for $72 billion, a deal that requires regulatory approval and would significantly reshape the entertainment industry. The acquisition would remove a major studio funder of TV and film projects, reducing the number of buyers available to creatives and potentially narrowing the slate of content available to audiences. Industry figures warned the consolidation could eliminate jobs for writers, actors, directors, and crew, and push down wages and working conditions. Labor organizations said the deal could raise consumer prices and reduce content volume and diversity. Guilds cautioned the transaction raises significant concerns about competition and creative freedom.

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