Fox Business·2026-02-21 01:47Core Viewpoint - Netflix's proposed acquisition of Warner Bros. Discovery (WBD) has faced criticism from Hollywood figures, including director James Cameron, who expressed concerns about the impact on the theatrical film industry and job losses [1][5][10]. Group 1: Acquisition Details - Netflix announced its intention to acquire WBD, which includes HBO and HBO Max, in December, prompting a counter-offer from Paramount Skydance [2]. - The proposed deal has been met with significant backlash from some Hollywood elites and California leaders [2]. Group 2: Criticism from James Cameron - James Cameron criticized Netflix's business model in a letter to Senator Mike Lee, stating it conflicts with theatrical film production and could lead to theater closures and job losses [5]. - Cameron raised concerns about Netflix's commitment to a 17-day theatrical release window, which Netflix has clarified as a 45-day commitment [9][10]. Group 3: Netflix's Response - Netflix co-CEO Ted Sarandos expressed surprise at Cameron's criticism, emphasizing the company's commitment to a 45-day theatrical release for films [6][10]. - Sarandos stated that Netflix intends to maintain the current operations of the Warner Brothers film and television studio, ensuring a robust slate of films each year [11]. - Sarandos also criticized Paramount's competing deal, claiming it would result in $6 billion in cuts and job losses in the entertainment industry, contrasting it with Netflix's growth strategy [13].