Notable early reaction to Netflix's deal to acquire Warner Bros. [Globe and Mail, The (Toronto, Canada)]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Globe and Mail, The
Film and television industry entities including guilds and the lobbying group for movie theater owners criticized the deal, warning it would harm consumers and cinema owners. In announcing the deal, Warner Bros. and Netflix executives touted the deal's benefits. Warner Bros. Discovery CEO David Zaslav said the deal “will ensure people everywhere will continue to enjoy the world's most resonant stories for generations to come,” while Netflix co-CEO Ted Sarandos said it would “give audiences more of what they love.” Here's a roundup of notable early reactions to the deal: Michael O'Leary, CEO of Cinema United “Netflix's stated business model does not support theatrical exhibition. In fact, it is the opposite. Theaters will close, communities will suffer, jobs will be lost.” Producers Guild of America “As we navigate dynamic times of economic and technological change, our industry, together with policymakers, must find a way forward that protects producers' livelihoods and r
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- What does the Netflix-WBD deal mean to the future of streaming? [Los Angeles Times (CA)]Los Angeles Times
- Hollywood unions alarmed by Netflix's $72 billion Warner Bros deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Old Hollywood meets new: Netflix agrees to buy Warner Bros. and HBO Max [MSNBC.com]MSNBC.com
- Netflix investors don't seem to like its blockbuster deal with Warner Bros. Discovery [Yahoo! Finance]Yahoo! Finance
- S&P/TSX composite closes the week lower, while U.S. stock markets rise [Investment Executive - News]Investment Executive - News
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