The industry-shaking deal between Netflix and Warner Bros hasn’t been approved yet, but both parties are putting in the groundwork to make it more likely. Executives from the two companies appeared this week in front of Congress to answer questions from Senators. Members of both parties seemed skeptical of how a deal would benefit either the artistic community or consumers. Not surprisingly, the movie theater industry feels the same way.
In response to the proceedings and the testimony of Netflix co-CEO Ted Sarandos, Michael O’Leary wrote an op-ed for Variety, in which he demanded answers from Netflix about the long-term strategy if it successfully purchases Warner Bros. O’Leary’s words carry a ton of weight because he’s the President and CEO of Cinema United.
