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Producers Guild Wary of Netflix-Warner Bros. Deal
5 Dec
Summary
- Producers express deep concern over potential Netflix acquisition of Warner Bros.
- The guild emphasizes protecting livelihoods amid industry changes.
- Legacy studios' vaults hold national character and culture, says the guild.
The Producers Guild of America has voiced significant concerns regarding Netflix's announced $82.7 billion plan to acquire Warner Bros. Producers are reportedly worried about the potential sale or merger of major studios that have historically employed millions and delighted global audiences.
As the entertainment industry navigates rapid economic and technological transformations, the guild asserts that a clear path forward is essential. This path must prioritize the protection of producers' livelihoods, foster creativity, and ensure opportunities for artists and workers alike.
The PGA underscored that any potential acquisition of legacy studios must uphold these principles. It also highlighted that these studios represent more than just content libraries, embodying the nation's cultural identity and character, thus necessitating a focus on consumer choice and freedom of speech.
