The news is definitely bleak as we face what is one of the biggest mergers of our time. As the Netflix deal to purchase Warner Brothers Entertainment looms, an anonymous collective of key industry players have sent an open letter to Congress, describing the potential for an economic and institutional meltdown should the merger go through.
According to Variety, “[C]ommunication outlines three areas of great concern, including that Netflix could stand to ‘destroy’ the theatrical film marketplace by escalating or eliminating the amount of time Warner Bros. films would play in theaters before hitting a combined Netflix-HBO Max streaming platform.”
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