Hollywood's Big Shake-Up: What Netflix's Mega Deal Means for Jobs and Movies

Netflix has its eyes on Warner Bros Discovery in a massive $72 billion deal. This isn't just any business move; it's a game-changer for Hollywood. If this deal goes through, Netflix could become even more powerful, controlling major movie franchises like "Batman" and "Casablanca. " Unions are worried. They think this deal could lead to job cuts and lower wages. The Writers Guild is especially concerned, saying this merger could hurt workers and consumers alike. They're not alone; theater owners are also alarmed. They believe this deal could shrink the movie industry by a quarter. Netflix says this deal is good for everyone. They promise more shows, more jobs, and more support for creative talent. But not everyone is convinced. The Hollywood Teamsters are against it, calling it a threat to good union jobs. They want the government to step in and stop the deal. The Directors Guild of America is taking a wait-and-see approach. They have concerns but want to talk to Netflix first. The screen actors union, SAG-AFTRA, is also watching closely. They say the deal raises serious questions and they're still figuring out what it means for their members. This deal isn't a done thing yet. It still has to pass regulatory reviews in the U. S. and Europe. But one thing is clear: this deal could change Hollywood as we know it.