Hollywood unions and cinema owners warned on Friday about Netflix's proposed $72 billion acquisition of Warner Bros. that if the deal passes regulatory review, it will cut jobs, concentrate power, and reduce theatrical movie releases. “The East-West Writers Association of America said in a statement:” This merger must be stopped. “The world's biggest streaming company has annexed one of its biggest rivals, which is exactly what antitrust laws want to prevent”.

Hollywood unions and cinema owners warned on Friday about Netflix's proposed $72 billion acquisition of Warner Bros. that if the deal passes regulatory review, it will cut jobs, concentrate power, and reduce theatrical movie releases. “The East-West Writers Association of America said in a statement:” This merger must be stopped. “The world's biggest streaming company has annexed one of its biggest rivals, which is exactly what antitrust laws want to prevent”.