James Cameron just made 3 arguments against Netflix buying Warner Bros. The last one has stakes for the entire world
The biggest drama in Hollywood in recent months hasn’t been on the silver screen but in the boardrooms of two of the most powerful companies in the industry.
In December, streaming giant Netflix announced its intention to acquire legendary Hollywood studio Warner Bros. after its planned separation from Discovery Global.
The proposed merger has sparked heated debate in Hollywood about the future of the cinema industry, and now, one of the most successful filmmakers in the world, James Cameron, has entered the fray.
‘Titanic’ director calls proposed merger ‘disastrous’
Many in Hollywood have not publicly spoken out against the proposed Netflix-Warner Bros. merger, fearing it could hurt their future employment prospects should it go through.
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However, as one of the most successful and profitable filmmakers of all time, James Cameron doesn’t have to worry about any potential blacklisting.
On February 10, Cameron sent a letter to Republican Senator Mike Lee of Utah, who is chairman of the U.S. Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, and thus has significant sway over mergers the size of the one proposed by Netflix.
In the letter, which was first reported by CNBC, the Avatar director did not mince words, saying “the proposed sale of Warner Bros. Discovery to Netflix will be disastrous for the theatrical motion picture business that I have dedicated my life’s work to.”
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