I can hardly describe the dread that swept over me when I read the news that Netflix might end up buying Warner Bros. Discovery, and particularly the storied film studio at its core. The barbarians were not just at the gates, but had fully broken through the walls, reached the keep, and were nearly through the door to cast aside the king and seize his lands as their own. It didn’t seem as though an ally would arrive at the last moment to turn the tide of the battle, and the barbarians’ rule would be anything but a friendly one.
To some that might sound hyperbolic. I don’t think it is.
The prospect of Netflix acquiring one of the most recognizable US film studios feels not just like the culmination of the past nearly twenty years of Silicon Valley’s entry into and disruption of the film industry, but also a much longer process of the attempt to capture and commercialize culture — transforming it in the process to serve the ends of corporate tyrants rather than its essential function as a means of social enrichment. In that sense, Netflix is a problem because it’s both the product of a deeper rot in society and culture, while helping to extend its effects even further.
It’s evil, yes, but it’s the lesser evil of the various companies that wanted to buy it, like Paramount/Skydance/Kushner or Comcast. Oh yeah, going for a lesser evil is still evil, but in evil times we have to do what we can with what we have, and Netflix would be the least bad option.
Exactly, both of these are terrible, and a functional FTC would block either option, but if I have to take the risk, I’d much rather take the risk of Netflix getting a streaming monopoly than an even worse monopoly on News.