Hollywood union opposes Netflix's acquisition of Warner Bros.: Hopes that anti-monopoly institutions will take action

Hollywood unions and theater owners on Friday warned Netflix's proposed $72 billion acquisition of Warner Bros. could cut jobs, consolidate power, and reduce theatrical releases of movies if the deal passes regulatory scrutiny. The Writers Guild of America East and West said in a statement that the merger must be stopped. The world's largest streaming company swallowing one of its biggest competitors is exactly what antitrust laws aim to prevent.