James Cameron Warns Against Potential Netflix-Warner Bros. Merger
Renowned filmmaker James Cameron expressed concerns over Netflix's potential acquisition of Warner Bros., arguing it could disrupt the film industry, lead to job losses, and diminish Hollywood's global influence. Sen. Mike Lee, chair of the Senate subcommittee on antitrust, has received similar worries from industry figures, prompting further hearings.
- Country:
- United States
Famed director James Cameron has raised an alarm over Netflix's proposed acquisition of Warner Bros., warning it could lead to significant changes in the film industry landscape, Variety reported.
Cameron's letter, sent to Senator Mike Lee, stressed that the potential merger could result in job losses and a contraction in the production of big-budget films, threatening cinema's future.
The 'Avatar' filmmaker highlighted Netflix's streaming-first business model as conflicting with traditional theatrical systems, impacting the sector that employs many Americans, and heeding caution on America's declining leadership in film exports.
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