Netflix is Buying Warner Bros.

For those of you who don't know, Warner Bros. Discovery recently went up for sale, which resulted in a bidding war involving such companies as NBCUniversal, Paramount Skydance, and Netflix. It appears that Netflix has won that war. It will acquire the Warner Bros. Studio, HBO Max, Turner Classic Movies, DC Comics, the Warner Bros. catalog, and other companies.

I have to admit that in some ways this does cause me some concern with regards to the future of Turner Classic Movies. I don't know how committed Netflix would be to keeping the channel will going. With any luck they will look at what happened following layoffs at the channel in 2023. Not only were fans in an uproar, but such industry heavyweights as Martin Scorsese, Steven Spielberg, and Paul Thomas Anderson. As big as Netflix is (and they will be even bigger with Warner Bros.), they can't afford to offend talent of that calibre. I am not sure how much danger TCM would be once Netflix takes over.

While I am worried about the future of TCM under Netflix, I do have to say that to me Netflix is much more preferable than some of Warner Bros.' other suitors, namely Paramount Skydance. Paramount Skydance has already has a deleterious effect on CBS on everything from the network's journalistic independence to eliminating Diversity, Equity, and Inclusion programs across the board at CBS and all of Paramount. I could picture the effect a takeover by Paramount Skydance would have on TCM. Do you enjoy the movies they air for Black Heritage Month? Forget them. Do you enjoy what TCM shows for Hispanic Heritage Month. Forget about it. In fact, I think under Paramount Skydance, TCM would most likely be shut down completely.

At any rate, right now I guess all anyone can do is wait and see. I do hope Netflix will do the sensible thing and leave TCM (not to mention DC Comics and other Warner companies) do their own things.