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The Independent UK
The Independent UK
Lifestyle
Kevin E G Perry

Acclaimed director says lucrative Netflix move would be a ‘disaster’ for Hollywood

Netflix Hollywood James Cameron WBD Warner Bros Discovery
  • Warner Bros. Discovery (WBD), valued at approximately $50 billion, has put itself up for sale, attracting interest from several major media companies.
  • Filmmaker James Cameron strongly criticised the prospect of Netflix acquiring WBD, labelling it a "disaster" for Hollywood due to Netflix's perceived devaluation of the theatrical experience.
  • Cameron argued that Netflix's release model, which he believes undermines cinema, renders the Academy Awards meaningless if they are not tied to theatrical releases.
  • Netflix, Paramount Skydance, and Comcast are among the companies reportedly vying to purchase WBD, which owns significant brands including CNN, HBO, and DC Studios.
  • WBD's President and CEO, David Zaslav, confirmed a comprehensive review of strategic alternatives is underway, with a deadline of 1 December set for improved second-round offers.

IN FULL

James Cameron says Netflix buying Warner Bros. Discovery would be a ‘disaster’

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