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Film Producers Lobby Congress Against Netflix-Warner Bros Discovery Acquisition, Variety Reports
Anonymous producers warn Netflix-Warner Bros. deal risks shrinking theatrical windows and hurting film market, urging Congress for strict antitrust review.
- On Thursday, an anonymous collective identifying themselves as concerned feature film producers emailed an unsigned open letter to U.S. House and Senate members urging opposition to Netflix's acquisition and demanding strict antitrust scrutiny.
- The producers warned Netflix could `effectively hold a noose around the theatrical marketplace` by shrinking theatrical footprints and post-theatrical licensing fees, leaving the letter unsigned for fear of retaliation.
- Sources told Variety that Netflix's proposal could reduce theatrical windows to two weeks, while Paramount pledged to keep Warner Bros. as a standalone with at least three theatrical films annually.
- A consortium of top industry players warned the deal could trigger an economic and institutional meltdown in Hollywood, urging Congress to oppose it while Netflix and Warner Bros. Discovery declined to comment.
- Against this backdrop, rival bidders Comcast and Paramount emphasize theatrical outlets, with Paramount pledging Warner Bros. will make at least 14 theatrical films annually, while Sarandos states Netflix's model `has nothing to do with movie theaters`.
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Film producers lobby Congress against Netflix-Warner Bros Discovery acquisition, Variety reports
Dec 4 (Reuters) – A consortium of leading film industry figures has urged the U.S. Congress to intervene, warning of a looming economic and institutional crisis in Hollywood if Netflix succeeds in acquiring Warner Bros Discovery, Variety reported on Thursday. Reuters could not independently verify the report. Comcast declined to comment. Netflix, Warner Bros Discovery and Paramount Skydance did not respond to requests for comment outside regular…
Anonymous A-Listers Lobby Congress Against Netflix-WBD Acquisition: Streamer Would ‘Hold a Noose Around the Theatrical Marketplace’
A group of top filmmakers have penned an anonymous open letter to Congress lobbying against a potential Netflix acquisition of Warner Bros. Discovery.
·Los Angeles, United States
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Film Producers Lobby Congress Against Netflix-Warner Bros Discovery ...
·New York, United States
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Total News Sources15
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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