David Ellison's Paramount Skydance now seems like the frontrunner in the Warner Bros. Takeover saga after making a third bid for the whole thing. The merger has put the industry in a state of unease as many people see it as the potential creation of another giant in the industry.
WGA has said "Merger after merger in the media industry has harmed workers, diminished competition and free speech, and wasted hundreds of billions of dollars better invested in organic growth,” the union said in a statement. “Combining Warner Bros. with Paramount or another major studio or streamer would be a disaster for writers, for consumers, and for competition. The WGAW will work with regulators to block the merger "
It is not clear whether they have any support on this, but after the giant that Disney has become, it only feels right that the others merge if they are to stay in competition. The mergers have clearly stifled creativity and made the industry less competitive, but there is clearly no way back now. It clearly isn't ideal for the industry when everyone else is playing catch-up to Disney when they could merge and compete effectively. I'm personally not excited about this takeover because it always ends badly for individual franchises, but I think it is good for the industry as a whole. Let me know what you guys think.
WGA has said "Merger after merger in the media industry has harmed workers, diminished competition and free speech, and wasted hundreds of billions of dollars better invested in organic growth,” the union said in a statement. “Combining Warner Bros. with Paramount or another major studio or streamer would be a disaster for writers, for consumers, and for competition. The WGAW will work with regulators to block the merger "
It is not clear whether they have any support on this, but after the giant that Disney has become, it only feels right that the others merge if they are to stay in competition. The mergers have clearly stifled creativity and made the industry less competitive, but there is clearly no way back now. It clearly isn't ideal for the industry when everyone else is playing catch-up to Disney when they could merge and compete effectively. I'm personally not excited about this takeover because it always ends badly for individual franchises, but I think it is good for the industry as a whole. Let me know what you guys think.
