""This deal looks like an anti-monopoly nightmare. A Netflix-Warner Bros. would create one massive media giant with control of close to half of the streaming market - threatening to force Americans into higher subscription prices and fewer choices over what and how they watch, while putting American workers at risk.""
""Netflix's stated business model does not support theatrical exhibition. In fact, it is the opposite. Theaters will close, communities will suffer, jobs will be lost.""
""Today's news that Warner Bros. Discovery has accepted a purchase bid is an alarming escalation of the consolidation that threatens the entire entertainment industry, the democratic public it serves, and the First Amendment itself.""
Netflix announced a $72 billion acquisition of Warner Bros. studio and its film and television operations. Industry groups, guilds, theater owners and public figures criticized the deal for concentrating streaming market power and threatening competition. Warner Bros. Discovery and Netflix executives promoted the merger as preserving and expanding access to stories and giving audiences more content. Critics warned the consolidation could raise subscription prices, reduce viewer choices, endanger workers' livelihoods, and undermine theatrical exhibition as theaters may close and communities could suffer. Concerns also included broader threats to the entertainment industry and democratic interests tied to media concentration.
Read at Boston.com
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