Filmmakers, Small Theaters Urge States to Block Warner Sale
Warner Bros. Studios in Burbank, California.
Photographer: Caroline Brehman/BloombergDocumentary filmmakers, independent movie theaters and nonprofit groups are urging state attorneys general to block Netflix Inc.’s acquisition of Warner Bros. Discovery Inc.’s studio and streaming businesses.
The deal will increase prices for consumers, restrict competition in Hollywood and be devastating for movie theaters, according to a letter they sent to the National Association of Attorneys General.