SAG-AFTRA Raises Concerns over Netflix's WBD Deal, Calls for Increased Production

SAG-AFTRA has issued a response regarding Netflixs $82.7 billion deal to acquire Warner Bros., emphasizing the need for a comprehensive review of the agreement as the union prepares a detailed stance. Over the last three months, as Warner Bros. Discovery explored acquisition options, major Hollywood unions remained largely quiet. Sources within the unions indicated that labor leaders were waiting to see which company would secure WBD CEO David Zaslavs approval before commenting publicly.

With Netflix now chosen as the buyer through a mostly cash offer totaling $82.7 billion, Hollywood guilds have begun releasing statements. The Directors Guild has indicated plans to meet with Netflix to discuss Warner Bros. future, while the Writers Guild and Teamsters have issued strong criticisms, consistent with their historical opposition to other media mergers.

SAG-AFTRAs full statement reads:

"The proposed Netflix-Warner Bros. merger represents a consolidation that may benefit shareholders financially, yet it raises significant concerns regarding its effects on the entertainment industry and the creative professionals whose careers rely on it.

This $82.7 billion transaction underscores the value of traditional media companies and the long-term economic contributions generated largely by the creative workforce at the heart of their success.

Any agreement that serves the interests of SAG-AFTRA members and all industry workers must lead to greater content creation and increased production, not a reduction, while ensuring respect for the talent involved.

Decisions regarding SAG-AFTRAs position on this merger will prioritize the well-being of its members and follow a thorough evaluation of the deals implications, particularly concerning employment and production commitments."

The union stresses that its review will focus on safeguarding jobs and supporting ongoing production within the entertainment industry.

Author: Maya Henderson