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DGA Eyes Netflix Warner Bros. Discovery Talks
5 Dec
Summary
- Directors Guild plans meeting with Netflix over WBD acquisition.
- Unions express concerns over industry competition and talent rights.
- Netflix reportedly offered around $28 a share for Warner Bros. Discovery.
The Directors Guild of America has announced plans to engage in discussions with Netflix regarding the potential acquisition of Warner Bros. Discovery. This development has raised significant concerns for the DGA, who view a competitive industry as crucial for fostering creativity and securing the rights of directors and their teams.
The union plans to meet with Netflix to articulate its specific concerns and gain a clearer understanding of the streamer's strategic vision for the combined entity. This move comes as Hollywood unions begin to scrutinize the ongoing consolidation within the media landscape.
This potential deal, reportedly involving a Netflix offer of approximately $28 per share, follows a period where Warner Bros. Discovery actively sought a buyer after receiving multiple offers. The DGA's engagement signals a proactive stance from Hollywood labor groups in navigating major industry shifts.
