Massive Backlash Over Netflix-Warner Bros Deal: 300 Million Users Get Letters, US Congress Flags Monopoly Fears

Netflix sent letters to its 300 million users’ late night to reassure its subscribers. The streaming giants send a carefully worded email promising that “nothing is changing today” following its massive $82.7 billion acquisition deal with Warner Bros.  
 
The Netflix send message roughly 24 hours after announcing the mega deal that will bring Warner Bros film and television studio, HBO Max, and HBO under the banner of Netflix. The letter told the subscriber that both the platform Netflix and iconic Warner Bros will operate separately until the transaction closes. The deal will finalize in around 12 to 18 months.  
 
The Netflix wrote in the letter that “We have more steps to complete before the deal is closed, including regulatory and shareholder approvals,” the team further wrote that “You’ll hear from us when we have more to share.” 

Even the Republican Senator Mile Lee expressed alarm, expressing that the deal “Should send alarm to antitrust enforcers around the world.” 

Netflix co-CEO Ted Sarandos maintained a confident tone during an investor call. He said that the deal is “pro-consumer, pro-innovation, pro-worker, pro-creator and pro-growth”. He further expressed that this deal would result in a “stronger organization than either of us could have achieved alone” 

Whereas the Industry groups such as Producer Guild of America, SAG-AFTRA, and Writer’s guild have criticized the deal raising concerns about the job losses and reduced creative control. 

Also read: Is Hollywood’s Next Shakeup Coming With Paramount And Netflix Battling For Warner Bros Discovery?