I for one thing the merger is a great idea. Why shouldn't the company famous for cancelling shows after one season merge with the company famous for burying completed movies for a tax write-off?
Regardless of what JK Rowling is Harry Potter is a international sensation. It's insane that they're trying to remake it when it's what less than 20 years old.
There's plenty of good IP out there why don't they make something of that.
She's remaking it so she can cut the cast out of the profits. Her three wayward children are getting residuals. And I think Rupert just gives all his directly to trans charities.
It's not that insane considering the target audience are children and teenagers. People who are 14 years old now weren't even born yet by the time Deathly Hallows part 2 came out, and I bet they'd rather watch a remake than their parent's old DVDs.
Maybe, but the combination of backlash against Rowling herself with the fact that it's being remade so soon, which may create a "this isn't my Harry Potter" type effect, may mean this isn't as successful as they're hoping.
Such a cool timeline where the options are a consolidation merger that eliminates competition and creates an unfair advantage, destroying jobs, enriching the wealthy, or the same thing but with Larry Ellison who will obviously do it with a hard right wing slant (as opposed to the other option just quietly doing that)
I mean, I get it but the only people bidding on WBD was Skydance (Ellison). The options were Skydance, Disney, a vulture fund, or Netflix. That's probably why Netflix even decided to bid. Nobody wanted WBD.
Consolidation should have never been allowed, but now that the beast that is Disney exists, there is very little argument that could succeed against the WBD purchase.
It was Comcast in the bidding, AFAIK. Is that Skydance?
Anyway, they already license Harry Potter (and some other stuff) for the Universal parks, which is huge $$$. I recently went to one; those places are money making machines.
Point being, I think Comcast had a lot of “synergy” interest, hence I’m surprised they lost the bid.
You are correct. Comcast was mentioned but I don't know how serious they got. The one that seemed almost certain was Skydance. Very surprised they lost.
So the rumours are true that when Netflix stated they won't buy Warner Brothers, it is a lie to push down the bidding price and then Netflix will change its mind and scoop up the discount.
No, they totally know that. We all know that. And I agree that the chances of antitrust law being used for its stated purpose here is low. Do you think they shouldn't have released this statement?
Why do you disdain people suffering under capitalism?
No! It didn't used to be like this. It doesn't have to be like this. Adam Smith, the father of capitalism is rolling over in his fucking grave watching these mergers.
The whole fucking idea is based on competition. We'll be down to 2 media companies and America be like, "Well, there's two, so not a monopoly." I. Am. Screaming.
I’m surprised Netflix thinks they can get away with this without regulatory trouble. That’s… interesting, as they must have done due diligence for such a huge deal.
How many writers and workers do they need if they insist on making Avengers 18 or other unimaginative commercial slop already?
It will be the same garbage only now for a different owner.
Don't care.
To bad the government is fully compromised.
The only way this gets blocked is to steer it toward the Ellisons instead. Reasonable people can disagree, but to me, that's even worse.
The Trump admin hates Netflix, last I checked. Reed Hastings (their CEO) is a Democrat megadonor.
Trump will make Netflix remove several queer-supportive titles as a contingency of the sale, the shareholders will cheer, it'll work nicely.
I for one thing the merger is a great idea. Why shouldn't the company famous for cancelling shows after one season merge with the company famous for burying completed movies for a tax write-off?
I hate this deal but I am hoping Harry Potter gets cancelled after one season
Regardless of what JK Rowling is Harry Potter is a international sensation. It's insane that they're trying to remake it when it's what less than 20 years old.
There's plenty of good IP out there why don't they make something of that.
She's remaking it so she can cut the cast out of the profits. Her three wayward children are getting residuals. And I think Rupert just gives all his directly to trans charities.
It's not that insane considering the target audience are children and teenagers. People who are 14 years old now weren't even born yet by the time Deathly Hallows part 2 came out, and I bet they'd rather watch a remake than their parent's old DVDs.
People who are 14 now need to be told that Harry Potter is just that racist old grandma's uncool neoliberalism wank.
Teens who are into Harry Potter should be treated the same way we treat teens who are into Atlas Shrugged
Train them to run for Congress?
Oh no, netflix likes licences to print money just like any other corp.
Maybe, but the combination of backlash against Rowling herself with the fact that it's being remade so soon, which may create a "this isn't my Harry Potter" type effect, may mean this isn't as successful as they're hoping.
I mean maybe Netflix will add those completed movies.
I mean the alternative was paramount buys them...which is worse since the ellisons are pretty far right.
Such a cool timeline where the options are a consolidation merger that eliminates competition and creates an unfair advantage, destroying jobs, enriching the wealthy, or the same thing but with Larry Ellison who will obviously do it with a hard right wing slant (as opposed to the other option just quietly doing that)
I can't wait to see how shitty alt-right Star Trek will be. I'd rather WBD be bought by Netflix.
I mean, nutrek has this weird obsession with the Terran Empire and Section 31 already. Maybe they'll revisit that one nazi planet from TOS.
Assuming that no merger is not an option, I guess?
Considering wb put the company up for sale, yes that seems unlikely.
The alternative is for no one to buy them. There’s really nothing wrong with WBD that selling off or shutting down the crufty parts wouldn’t fix.
I mean, I get it but the only people bidding on WBD was Skydance (Ellison). The options were Skydance, Disney, a vulture fund, or Netflix. That's probably why Netflix even decided to bid. Nobody wanted WBD.
Consolidation should have never been allowed, but now that the beast that is Disney exists, there is very little argument that could succeed against the WBD purchase.
ITS SKYDANCE/ and the saudis.
It was Comcast in the bidding, AFAIK. Is that Skydance?
Anyway, they already license Harry Potter (and some other stuff) for the Universal parks, which is huge $$$. I recently went to one; those places are money making machines.
Point being, I think Comcast had a lot of “synergy” interest, hence I’m surprised they lost the bid.
You are correct. Comcast was mentioned but I don't know how serious they got. The one that seemed almost certain was Skydance. Very surprised they lost.
Thats why this regime is blessing it, of course.
Don't forget the incoming bribes!
This will make them too big to fail. Everyone can RELAX now.
Relax. Don't do it, when you wanna suck it to it:
I wonder if we will at least publicly name the folks who proposed this clearly illegal merger? Just for the record?
Antitrust. How quaint.
I myself am looking forward to the day when Buy n Large takes over every aspect of our lives.
Capitalism is like a long warm hug by an elephant. Eventually the elephant goes to sleep on you.
Remember kids: "we all support this system together".
not if we stop bnl from doing so.
All you need, and so much more
There will never be another series like "The Sopranos" or "The Wire" again. This won't work out well.
A gritty animated remake of The Sopranos staring Pete The Cat is coming your way. Also you're getting The Wire but it's a kid's show and a musical.
i would unironically watch The Sopetethecatnos
The worst part is that WB owns HBO which is probably one of few which didn’t transformed into shit. I wish they could buyout themselves
So the rumours are true that when Netflix stated they won't buy Warner Brothers, it is a lie to push down the bidding price and then Netflix will change its mind and scoop up the discount.
Wish granted, the Trump administration blocks the deal with Netflix only so that Larry Ellison can have it instead.
There's really no win in this situation.
"Antitrust is woke!"
--- Donny the Destroyer
Look at the writers guild of America pretending they don't live in a fascist dictatorship where nothing matters but profits. How quaint.
The chances of this getting blocked under antitrust laws is roughly equivalent to me hitting oil in my back garden.
No, they totally know that. We all know that. And I agree that the chances of antitrust law being used for its stated purpose here is low. Do you think they shouldn't have released this statement?
Why do you disdain people suffering under capitalism?
🤦
Lemmy: "CaPitLisM!"
No! It didn't used to be like this. It doesn't have to be like this. Adam Smith, the father of capitalism is rolling over in his fucking grave watching these mergers.
The whole fucking idea is based on competition. We'll be down to 2 media companies and America be like, "Well, there's two, so not a monopoly." I. Am. Screaming.
Uh, the Trump admin hates Netflix and Hastings.
I’m surprised Netflix thinks they can get away with this without regulatory trouble. That’s… interesting, as they must have done due diligence for such a huge deal.
And in spite of what y'all may think, the FTC is still pretty busy: https://www.ftc.gov/news-events/news/press-releases
So…
Either the government is uninterested,
Or they think they can win in court, quickly?
Fuck me… Netflix even as a client are insufferable.
You mean in personal dealings? Can you expand on that, if possible?
Its only indie, foreign, and old films for me from here on out. I'm done with all the corporate slop.
Hold on to your hat, they are going to reboot all of your favorite classic films... And Chris Pratt will star in ALL OF THEM...
He's so cool.
Maybe Netflix will sell the gaming rights off to more studios. Trying to find a positive in this? Impossible really. Those badass IPs are fucked.
To be fair, WB-Discovery was doomed by themself.
Discovery was doomed. WB was doing fine. This was a merger that should never have happened.
Jokes on them cunts we pirates now.
YARRRR Motherfuckers
They forget, I cant eat AI generated reboots.
Who did they want to buy it?
Ideally, no one at all.
Does this mean Netflix own all the Warner music stuff too?
How many writers and workers do they need if they insist on making Avengers 18 or other unimaginative commercial slop already?
It will be the same garbage only now for a different owner.
Don't care.
Bring it on! Things must get a lot worse before they're going to get better.
Yeah. I'm sure that line of logic holds true throughout history! Let's ask Anne Frank her thoughts.
Oh wait. You can't. She's dead.
"I'll take famous last words as we march into the death camps, for twenty points!"
Bold of you to believe that things are going to get better.