Netflix, Hollywood and Warner Bros.
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Paramount chief executive met with investors in New York to push his hostile bid for the Hollywood studio group
Plus, the president allows China to get Nvidia chips and unveils a $12 billion bailout for farmers, in this edition of the WSJ Politics newsletter.
Netflix's leadership spins the acquisition as pro-consumer and pro-Hollywood and pushes back on antitrust concerns. 'We didn’t buy this company to destroy' its value, says co-CEO Ted Sarandos.
Top Hollywood stars, producers, and guilds are slamming the major Netflix merger with Warner Bros. Among the leading critics of the deal: Actress Jane Fonda. She said that the deal "threatens the entire entertainment industry.