Learn English: Netflix Buyout of Warner Bros Sparks Major Backlash (hard)

22 hours, 24 minutes ago

Netflix Buyout of Warner Bros Sparks Major Backlash

Netflix's ambitious $83bn offer to acquire Warner Bros is facing intense opposition.

Politicians and Hollywood unions express worries about market dominance and consumer impact.

Concerns are rising regarding potential price hikes and reduced creative freedom for artists.

Many fear this mega-deal could significantly harm worker conditions and content diversity.

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Source

Original: The Guardian (Business)

Tags

#Netflix #Warner Bros #Merger #Antitrust #Entertainment Industry

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