the Directors Guild of America (DGA) announced it will meet with Netflix toโ express “meaningful concerns” regardingโข the streaming giant’s potential acquisition of Warnerโ Bros. Revelation (WBD).the move comes afterโข reports surfaced Thursday night that Netflix hadโข entered exclusive โtalks to acquire โคWBD, โขwinning a bidding war against other โฃpotential buyers.
The DGA believes a competitive media landscape โis crucial for protecting the careers and creative rights of directors and their teams. “we โwill be meeting with Netflix to outline our concerns and better understand theirโฃ vision for the future of the company,” a guild spokespersonโ stated. “Whileโค we undertake this due diligence we will โnot be commenting further.”
This marks the frist response from a hollywood union โขto the latest growth in the WBD saga. In October, the Writers guild of America East and west jointly stated they planned to block any potential merger between WBD andโ Paramount, warning of the negative impacts of further โmedia consolidation on writers, consumers, and competition.
Thursday’s developments included a last-minute push from โคParamountโ to counter Netflix’s offer. Sources indicate Netflix proposedโ approximately $28 per share forโ WBD, primarily in cash.
WBD initiated a sale process in October after receivingโ three offers from Paramount, hoping to finalize a deal by mid-to-late December.
