Jane Fonda is raising her voice against Netflix’s major acquisition of Warner Bros. Discovery, a deal valued at $82.7 billion. She believes this move could harm the creative industry.
Fonda shared her concerns on Instagram through her Committee for the 1st Amendment. She called the deal a serious threat to both the entertainment sector and the public’s right to free speech. “This isn’t just a bad business decision,” she wrote. “It’s a potential constitutional crisis.”
Fonda urged the Justice Department and state regulators to avoid using their legal power for political gains that could impact creative content. To Netflix and other companies involved, she stressed the importance of defending rights rather than sacrificing them for profit. “Stay strong amid the pressure,” she advised.
Concerns about the acquisition echo throughout Hollywood. Many lawmakers and industry groups worry about its impact, especially on theaters. They fear the changes could lead to fewer opportunities for diverse stories.
The acquisition comes after months of negotiation, with Netflix outbidding rivals like Paramount and Comcast. The deal, valued at $27.75 per share, is expected to finalize within the next year and a half.
Experts in the entertainment field note that such consolidations are not new. Historically, mergers have reshaped media landscapes, often raising concerns about creativity and competition. In recent years, similar deals have triggered debates about the quality of content and monopolies in the industry.
Recent surveys show that nearly 70% of viewers prefer diverse storytelling, underscoring Fonda’s concerns. As the industry evolves, it’s crucial to consider how these changes impact creators and audiences alike.
For more insights on media consolidation and its effects, you can check a report by the Federal Communications Commission.
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Jane Fonda,Netflix,Warner Bros.
