A consortium of top industry players have sent an open letter full of alarm to Congress, describing a potential economic and institutional meltdown in Hollywood if Netflix succeeds in its effort to acquire Warner Bros. Discovery.
The letter was sent via email to members of Congress from both parties on Thursday, from an anonymous collective identifying themselves only as “concerned feature film producers.” The group explained it was leaving the letter unsigned “not out of cowardice” but fear of retaliation, given Netflix’s considerable power as a buyer and distributor. Netflix and Warner Bros. Discovery declined to comment.
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