Cinema United, formerly the National Association of Theater Owners, has warned of a coming collapse if the Netflix-Warner Bros. merger deal finalizes.
The organization shared in a statement to the Senate antitrust subcommittee that the deal will lead to the shuttering of movie theaters and further job losses.
In his opening remarks, Sarandos said that the Netflix-Warner Bros. deal “will strengthen the American entertainment industry, preserve choice and value for consumers, and give creators more opportunities,” asserting that the company created 155,000 jobs across all 50 states while contributing “over $225 billion to the U.S. economy over…
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