Reuters·2025-12-06 00:02Core Viewpoint - Hollywood unions and theater owners are raising concerns about Netflix's proposed $72 billion acquisition of Warner Bros Discovery, highlighting potential job losses, increased concentration of power, and a reduction in industry diversity [1] Group 1: Industry Concerns - The proposed deal is expected to lead to significant job cuts within the industry, as unions warn that consolidation often results in workforce reductions [1] - There is a fear that the acquisition would further concentrate power within a few major players in the entertainment sector, diminishing competition and diversity [1] - The unions emphasize that such a merger could negatively impact the creative landscape, limiting opportunities for smaller companies and independent creators [1]