Did Netflix just exacerbate a bunch of seasonal affective disorders in cinephiles? Timed to ruin holidays like a round of end-of-year layoffs, the streaming giant announced plans to buy Warner Bros, a movie and television studio with a full-century legacy. It’s possible that the acquisition won’t actually go through – and if it does, it won’t be for at least a year. But the news still looms over year-end awards and list-making, and it’s going to take more than a jingle-bell heist to steal back any holiday cheer for the entertainment industry, much less halt the march of corporate consolidation and monopolization. Even more depressing: the entity that seems most able to take action against this is … another attempted consolidation. Paramount has launched a bid for a hostile takeover of Warner Bros Discovery, which would bring two big studios under one extremely Trump-friendly umbrella. This would almost certainly further cull the number of wide-release movies released each year.
Depression might not seem like a rational response, especially for anyone who doesn’t actually work in said industry. (There are plenty of reasons that various unions are making their opposition to either sale known.) Yet the news last week had hundreds of film fans posting eulogies and defenses not just of Warner Bros as a studio – which on its own includes a vast history encompassing classics like Casablanca, The Adventures of Robin Hood, The Departed, Bonnie and Clyde, The Searchers and The Matrix, among hundreds – but the very fabric of theatrical moviegoing.
