Film industry deals should be evaluated on impact to employment and competition: Rep. Laura Friedman

Industry Concerns Regarding Potential Acquisition - The film industry is experiencing a major depression with decreased competition, fewer productions, and declining box office attendance [4] - There is significant worry in Hollywood about job retention and production capability following potential acquisitions [7] - Concerns exist regarding the impartiality of regulators' decisions, particularly concerning potential influence from Donald Trump's connections [10] - Anxiety exists within Hollywood's creative sector regarding potential acquisitions, as each company presents unique challenges [10] - There are fears about financial consolidation and the potential collapse of the film industry [13] Potential Impacts of Consolidation - Consolidations in various industries, including film, often lead to thousands of job losses and reduced competitiveness [3] - Consolidations may result in higher prices for consumers [3] - The industry is already weak, raising questions about whether Netflix is a savior or a threat [5] Considerations for the Future - The industry seeks clarity on plans for job retention and production capability from potential acquirers [6] - There is a need to bring jobs and production shoots back to the United States from overseas competition [7] - Freedom of expression for creatives and journalists is crucial, without fear of reprisal [12][13]