From a British perspective I can only look at America right now in total despair. It’s like watching the Soviet Union in the mid 1990s. The film industry is under a huge amount of pressure at the moment from all angles – now the last remaining great Hollywood studio is being offered for sale – Warner Bros. It’s the closest thing yet to putting the entirely of Hollywood up for sale. Cinema is not safe with Larry Ellison, if he gets his way. The streaming tech giant Netflix is in the blue corner with a massive 82 billion dollar offer that was expected to be accepted by shareholders but Larry Ellison of Oracle is now circling Warner with a hostile takeover bid promising to “finish what we started” – make no mistake, this is the end for cinema as we know it. Ellison has already hoovered up Paramount in August of this year, handing control to his son David in an act of pure nepotism. Before we directly address the facts I want to get my opinion out there about the shocking state of affairs film finds itself in with the Warner Bros buyout. You can also read the official Netflix statement of intent here. What follows is an opinion piece, nevertheless containing factual evidence… It is one thing for Hollywood to be sold down the river to a tech giant like Netflix, the biggest single factor in movie theatre decline ever, but to have the US President interfere...
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Published By: EOSHD.com blog - 2 days ago
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