TheImpressiveX

WGA releases statement on the acquisition Warner Bros. by Netflix

https://piefed.social/c/movies/p/1542093/wga-releases-statement-on-the-acquisition-warner-bros-by-netflix

Dec 5 at 11:07pmWeb
Show threadHertzDentalBarDec 5
To bad the government is fully compromised.
Show threadSeeMarkFlyDec 5
This will make them too big to fail. Everyone can RELAX now.
Show threadRcklsabndnDec 7
Relax. Don’t do it, when you wanna suck it to it:
Show threadJo MiranDec 5

I mean, I get it but the only people bidding on WBD was Skydance (Ellison). The options were Skydance, Disney, a vulture fund, or Netflix. That’s probably why Netflix even decided to bid. Nobody wanted WBD.

Consolidation should have never been allowed, but now that the beast that is Disney exists, there is very little argument that could succeed against the WBD purchase.

Show threadbrucethemooseDec 6

It was Comcast in the bidding, AFAIK. Is that Skydance?

Anyway, they already license Harry Potter (and some other stuff) for the Universal parks, which is huge $$$. I recently went to one; those places are money making machines.

Point being, I think Comcast had a lot of “synergy” interest, hence I’m surprised they lost the bid.

Show threadJo MiranDec 6
You are correct. Comcast was mentioned but I don’t know how serious they got. The one that seemed almost certain was Skydance. Very surprised they lost.
Show threadTollana1234567Dec 6
ITS SKYDANCE/ and the saudis.
Show threadTempus FugitDec 5
Bring it on! Things must get a lot worse before they’re going to get better.
Show threadmercDec 6
Bold of you to believe that things are going to get better.
Show threadpinball_wizardDec 5
I wonder if we will at least publicly name the folks who proposed this clearly illegal merger? Just for the record?
Show threadQuietGenesisDec 6
🤦
Show threadimmobile7801Dec 6
I mean the alternative was paramount buys them…which is worse since the ellisons are pretty far right.
Show threadragebuttDec 6
Such a cool timeline where the options are a consolidation merger that eliminates competition and creates an unfair advantage, destroying jobs, enriching the wealthy, or the same thing but with Larry Ellison who will obviously do it with a hard right wing slant (as opposed to the other option just quietly doing that)
Show threadGissaMittJobbDec 6
Assuming that not being acquired is not an option, I guess?
Show threadimmobile7801Dec 6
Considering wb put the company up for sale, yes that seems unlikely.
Show threadSanctusDec 6
Thats why this regime is blessing it, of course.
Show threadPhil_in_hereDec 6
Don’t forget the incoming bribes!
Show threadZagorathDec 6
I for one thing the merger is a great idea. Why shouldn’t the company famous for cancelling shows after one season merge with the company famous for burying completed movies for a tax write-off?
Show threadtempestDec 6
I mean maybe Netflix will add those completed movies.
Show threadMummysLittleBloodSlutDec 6
I hate this deal but I am hoping Harry Potter gets cancelled after one season
Show threadohulancutashDec 6
Oh no, netflix likes licences to print money just like any other corp.
Show threadZagorathDec 6
Maybe, but the combination of backlash against Rowling herself with the fact that it’s being remade so soon, which may create a “this isn’t my Harry Potter” type effect, may mean this isn’t as successful as they’re hoping.
Show threadEcho DotDec 6

Regardless of what JK Rowling is Harry Potter is a international sensation. It’s insane that they’re trying to remake it when it’s what less than 20 years old.

There’s plenty of good IP out there why don’t they make something of that.

Show threadpopcar2Dec 6
It’s not that insane considering the target audience are children and teenagers. People who are 14 years old now weren’t even born yet by the time Deathly Hallows part 2 came out, and I bet they’d rather watch a remake than their parent’s old DVDs.
Show threadMummysLittleBloodSlutDec 6

People who are 14 now need to be told that Harry Potter is just that racist old grandma’s uncool neoliberalism wank.

Teens who are into Harry Potter should be treated the same way we treat teens who are into Atlas Shrugged

Show threadroofuskitDec 8
Train them to run for Congress?
Show threadRizzRustboltDec 6
She’s remaking it so she can cut the cast out of the profits. Her three wayward children are getting residuals. And I think Rupert just gives all his directly to trans charities.
Show threadA_norny_mousseDec 6

“Antitrust is woke!”

— Donny the Destroyer

Show threadEnsign_CrabDec 6
Antitrust. How quaint.
Show threadEcho DotDec 6

Look at the writers guild of America pretending they don’t live in a fascist dictatorship where nothing matters but profits. How quaint.

The chances of this getting blocked under antitrust laws is roughly equivalent to me hitting oil in my back garden.

Show threadBiteSizedZeitGeistDec 6

No, they totally know that. We all know that. And I agree that the chances of antitrust law being used for its stated purpose here is low. Do you think they shouldn’t have released this statement?

Why do you disdain people suffering under capitalism?

Show threadTiger666Dec 6

I myself am looking forward to the day when Buy n Large takes over every aspect of our lives.

Capitalism is like a long warm hug by an elephant. Eventually the elephant goes to sleep on you.

Remember kids: “we all support this system together”.

Show threadDylanMc6 [any, any]Dec 7
not if we stop bnl from doing so.
Show threadphilipsdirkDec 7
All you need, and so much more
Show threadCubitOomDec 6
Its only indie, foreign, and old films for me from here on out. I’m done with all the corporate slop.
Show threadRcklsabndnDec 7
Hold on to your hat, they are going to reboot all of your favorite classic films… And Chris Pratt will star in ALL OF THEM…
Show threadBlackmistDec 7
He’s so cool.
Show threaddjsoren19Dec 6

Wish granted, the Trump administration blocks the deal with Netflix only so that Larry Ellison can have it instead.

There’s really no win in this situation.

Show threadLysergidDec 6
The worst part is that WB owns HBO which is probably one of few which didn’t transformed into shit. I wish they could buyout themselves
Show threadSrootusDec 6
Does this mean Netflix own all the Warner music stuff too?
Show threadjandiDec 6

@Srootus @TheImpressiveX No, that would be WMG: https://en.wikipedia.org/wiki/Warner_Music_Group

This is WBD: https://es.wikipedia.org/wiki/Warner_Bros._Discovery

Warner Music Group - Wikipedia

Show threadBlackmistDec 7
Who did they want to buy it?