Multiplex Association of India raises concerns over Netflix’s proposed acquisition of Warner Bros

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The Multiplex Association of India (MAI) on Saturday raised its concerns over Netflix’s proposed acquisition of Warner Bros Discovery, saying that it poses a direct competition and economic threat to India’s theatrical and broader film economy.

The Acquisition of Warner Bros, one of the world’s leading studios, by a dominant streaming platform that has historically deprioritised theatrical releases, poses a direct economic threat to India’s broader film economy, MAI said in a statement.

On Friday, Netflix said it has struck a deal with Warner Bros…



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Multiplex Association of India raises concerns over Netflix’s proposed acquisition of Warner Bros



The Multiplex Association of India (MAI) on Saturday raised its concerns over Netflix’s proposed acquisition of Warner Bros Discovery, saying that it poses a direct competition and economic threat to India’s theatrical and broader film economy.

The Acquisition of Warner Bros, one of the world’s leading studios, by a dominant streaming platform that has historically deprioritised theatrical releases, poses a direct economic threat to India’s broader film economy, MAI said in a statement.

On Friday, Netflix said it has struck a deal with Warner Bros…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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