Filmmaker James Cameron has voiced strong opposition to a potential acquisition of Warner Bros. Discovery by Netflix, warning of significant consequences for the film industry. Cameron outlined his concerns in a letter sent last week to Senator Mike Lee, chair of the Senate subcommittee on antitrust.
Concerns Over Industry Impact
Cameron argues that a Netflix takeover of Warner Bros. Would be “disastrous” for the theatrical motion picture business. He predicts that if fewer big-budget films are produced, theaters could close, leading to job losses throughout the industry, which he states employs “hundreds of thousands of Americans.”
The “Avatar” director believes Netflix’s business model is fundamentally incompatible with the traditional film production and exhibition model. He stated his “first love is the cinema,” despite acknowledging his films also appear on downstream video markets.
Potential for Reduced Film Exports
Cameron also expressed concern that a merger could negatively impact the United States’ position as a global leader in film exports. He wrote, “The U.S. May no longer lead in auto or steel manufacturing, but it is still the world leader in movies. That will change for the worse.”
Senator Lee acknowledged receiving outreach from industry figures regarding the proposed merger, stating he “share[s] many of their concerns” and plans to hold a follow-up hearing to further address the issues.
Frequently Asked Questions
What is James Cameron’s primary concern regarding the Netflix-Warner Bros. Deal?
Cameron’s primary concern is the potential negative impact on the theatrical motion picture business, including possible theater closures and job losses.
To whom did James Cameron address his concerns?
Cameron sent a letter to Senator Mike Lee, chair of the Senate subcommittee on antitrust.
What did Senator Lee say in response to Cameron’s letter?
Senator Lee stated he shares many of the concerns raised by Cameron and intends to hold a follow-up hearing on the matter.
As the proposed acquisition moves forward, will regulators intervene to address concerns about its potential impact on the film industry?
