Hollywood is pretty worried about what Netflix taking over Warner Bros is going to look like and what's going to cost. Will theatrical suffer? Who's getting fired? What about people with overall deals there or movies pending release? Well, now some of their biggest unions are speaking out. Let's dive in. The Unions Are Speaking Out If you've been living under a rock, you may have missed that Netflix is currently in exclusive talks to acquire Warner Bros. Discovery (WBD) for a staggering $82.7 billion. We've gone over the ramifications of this deal for filmmakers at all levels, and now the trade unions are speaking out about what's happening. The WGA warned that the deal would eliminate jobs, reduce wages, and raise prices for consumers.In their statement, they wrote: “The world’s largest streaming company swallowing one of its biggest competitors is what antitrust laws were designed to prevent,” the guild said in a statement. “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.”.And now, the DGA has just issued a pointed statement expressing "significant concerns" about the deal.“We believe that a vibrant, competitive industry — one that fosters creativity and encourages genuine competition for talent...
Published By: NoFilmSchool - 2 days ago