Hollywood Heavyweights Raise Alarms Over Netflix's Big Move

A Letter to Congress

Big names in Hollywood are expressing concern. They believe that Netflix's potential acquisition of Warner Bros. Discovery could significantly disrupt the industry. A letter was sent to Congress, but the signatories chose to remain anonymous. Their fear? Retaliation from Netflix.

The Threat to Movie Theaters

Filmmakers are worried that Netflix could undermine movie theaters. They argue that Netflix might release movies for streaming too soon, reducing theater attendance. This could have severe consequences for everyone involved in the film industry.

Netflix's Streaming Focus

Netflix has previously stated that theaters are not a priority for them. Their focus is solely on streaming. However, if they acquire Warner Bros., they would gain considerable influence. This could allow them to dictate the length of a movie's theatrical run, potentially cutting into the profits of other stakeholders.

A Plea for Congressional Oversight

The letter urges Congress to closely monitor the situation. The signatories emphasize that millions of jobs and the future of a beloved art form are at stake.

Silence from Netflix and Warner Bros.

Both Netflix and Warner Bros. Discovery have remained tight-lipped about the letter. Other companies, such as Comcast and Paramount, are also interested in acquiring Warner Bros. and may have different plans for the studio.

A Watershed Moment

This is a pivotal moment for the industry. All eyes are on the unfolding developments.