12 states sue Paramount over Warner takeover, say merger would 'extinguish competition'
cross-posted from: https://piefed.world/c/tech/p/1262675/12-states-sue-paramount-over-warner-takeover-say-merger-would-extinguish-competition
Emergency Motion to Immediately Block Warner Bros./Paramount Merger.
https://oag.ca.gov/news/press-releases/attorney-general-bonta-files-lawsuit-block-110-billion-warner-brosparamountOpen linkView original on piefed.world
8 replies
Don't worry the FTC will block this merger for sure! /$
These lawsuits are happening BECAUSE the FTC isn't blocking it.
thatsthejoke.webp
What fucking competition is left? Every media conglomerate is owned by some rich billionaire asshole. What exactly are they competing against? Who can put out the most convincing propaganda?
Netflix acquiring Warner was the best of the bad options. Paramount is much worse an outcome.
Yep. Netflix, for all the anti-consumer shit they've pulled, is at least not backed by a fascist regime.
Yet.
Sure. I don’t think Netflix role is to spread propaganda necessarily, I think their role is just the general dumbing down of the masses.
Netflix like any other major studio has a role as gatekeeper for the style of content the tone the quality of narrative and writing that shapes to some extensive societies views.
While I’m not gonna put my tinfoil hat and say it’s on purpose, they are certainly contributing and affecting the public’s perceptions and therefore adding to the general cognitive decline.
A lot of recent shows are written in such a way that people watching their phones and not paying attention can still follow the plot line because the plot is constantly being explained, over and over.
I think in general this is also an indication of peoples literacy continued to go down and the effects of people therefore writing less and exploring topics that are controversial or make you feel uncomfortable. It’s much easier to make your 43rd Marvel movie following the same expected formula introduced some superheroes make them work together even though they don’t like each other save the world and everything’s OK until the next movie.
While this is a reflection of the times and reality, meaning people get bored of shitty watered down shows and lose the plot and in order to keep them engaged, you need to keep explaining the plot they missed because they were staring at their fucking phone. This does encourage people to stop paying attention partly because these shows kind of suck.
So while it’s better that Netflix buys Warner Beithers for their content and catalog; it doesn’t really address the wider picture that writing and literacy are in decline. This leads to shittier less controversial shows and media. The consolidation of all of these libraries, which are already consolidated, just means it’s easier to bury stuff and create new garbage.
Since Netflix has a finite amount of server space for their streaming catalog, it might be better in terms of being able to rotate content, but I don’t think they’re gonna make it a Disney-like service where everything that Warner ever bought and produced is just gonna always be available.
The other point I have is, Even if Netflix buys Warner Brothers for however many billion dollars they have to earn the money back on that investment somehow. Subscription fees do not cover that type of investment or profitability.
What used to support the movie and TV industry was distribution of physical media like DVDs, VHS, etc. Long after the shows expenses have been recouped or the show was no longer in circulation or the air. Not to mention that syndication and selling licenses and rights to reruns on different cable channels was also another stream of income for the companies like Warner that owned intellectual property.
Since cable television is dying industry as well, where are you going to recoup this money from buying this massive catalog without a DVD and home market as well as any competitors that are going to pay for your shows?
Netflix will make content that they newly acquired only watchable on Netflix to charge extra subscription fees. That’s basically what they can monetize with this on top of whatever your basic subscription fees. How long is it gonna take them to the recoup whatever it cost to buy Warner Brothers?