James Cameron Warns Against Netflix’s Potential Acquisition of Warner Bros. Discovery
Filmmaker James Cameron has issued a stark warning about Netflix's potential acquisition of Warner Bros. Discovery, calling it a "disaster" for Hollywood. His criticism centers on Netflix's business model, which he argues undermines traditional theatrical releases. "Netflix WOULD be a disaster," Cameron stated, referencing comments by Netflix co-CEO Ted Sarandos about the declining relevance of theatrical films.
Despite Cameron's objections, Warner Bros. Discovery shares surged over 3.5% in late trading, reflecting investor Optimism amid the ongoing bidding process. The debate highlights the tension between streaming platforms and traditional film distribution models.