"The world's largest streaming company swallowing one of its biggest competitors is what antitrust laws were designed to prevent. 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. Industry workers along with the public are already impacted by only a few powerful companies maintaining tight control over what consumers can watch on television, on streaming, and in theaters. This merger must be blocked."
"Netflix announced Thursday that it had won exclusive rights to negotiate a massive $82.7 billion deal to buy Warner Bros. which includes CNN and HBO Max. Netflix officials said the company plans to maintain Warner Bros.' current operations, including continuing to release WB films in theaters. However, guild members fear Netflix's well-known antipathy toward theatrical releases and its propensity for putting all of its original movies straight to streaming with only a few exceptions, Variety reported."
Netflix won exclusive rights to negotiate an $82.7 billion purchase of Warner Bros., a deal that would include CNN and HBO Max. Netflix says it intends to maintain Warner Bros.' current operations and continue theatrical releases. The Writers Guild of America opposes the acquisition, arguing it would eliminate jobs, depress wages, worsen conditions for entertainment workers, raise consumer prices, and reduce the volume and diversity of content. Guild members specifically fear Netflix may favor streaming over theatrical distribution. Other industry groups, including the Hollywood Teamsters, Producers' Guild and SAG-AFTRA, have also expressed opposition to the merger.
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