US unions fear Netflix’s $72B Warner Bros. takeover
Netflix’s proposed $72 billion takeover of Warner Bros Discovery has drawn sharp opposition from Hollywood unions, theatre owners and industry groups who say the deal would concentrate power, cut jobs and further weaken theatrical releases if it survives regulatory scrutiny. The deal, announced this month, would put HBO brands and the historic Warner Bros studio under Netflix’s control. Netflix, the streaming giant behind Stranger Things and Squid Game, would also gain control of marquee Warner Bros titles such as Batman…