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Cinemas and unions sound alarms over Netflix-Warner Bros. deal [Los Angeles Times (CA)]

Netflix, Inc. (NFLX)  More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
and television studios , HBO and HBO Max, citing concerns about greater industry consolidation, job losses and the potential hit to theatrical box office revenue. Groups began voicing opposition even before the proposed tie-up was officially announced. Amid reports Thursday night that Netflix had secured exclusive rights to negotiate with Warner Bros., the Directors Guild of America said it had “significant concerns” about the development and intended to meet with Netflix for further discussion. “We believe that a vibrant, competitive industry — one that fosters creativity and encourages genuine competition for talent — is essential to safeguarding the careers and creative rights of directors and their teams,” the DGA said in a Thursday statement. A major point of contention is Netflix's long-standing resistance to traditional theatrical film releases . Though the Los Gatos, Calif., streamer has released films in theaters — including about 30 this year alone — it does so typical [Read more]
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Stockreport

Cinemas and unions sound alarms over Netflix-Warner Bros. deal [Los Angeles Times (CA)]

Netflix, Inc.  (NFLX) 
More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
and television studios , HBO and HBO Max, citing concerns about greater industry consolidation, job losses and the potential hit to theatrical box office revenue. Groups began voicing opposition even before the proposed tie-up was officially announced. Amid reports Thursday night that Netflix had secured exclusive rights to negotiate with Warner Bros., the Directors Guild of America said it had “significant concerns” about the development and intended to meet with Netflix for further discussion. “We believe that a vibrant, competitive industry — one that fosters creativity and encourages genuine competition for talent — is essential to safeguarding the careers and creative rights of directors and their teams,” the DGA said in a Thursday statement. A major point of contention is Netflix's long-standing resistance to traditional theatrical film releases . Though the Los Gatos, Calif., streamer has released films in theaters — including about 30 this year alone — it does so typical [Read more]
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