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DC COMICS Owner Accused of MONOPOLY Anti-Trust Violations For Cancelling WOKE Movies and TV Shows!
SJWs try to pressure Warner Brothers Discovery using congress and threats of the Justice Department. Hollywood Reporter claims the newly combined company’s $825 million content cutting is raising antitrust red flags and causing consumer backlash.
PLAYLIST 25 VIDEOS: WARNER BROTHERS DISCOVERY & DAVID ZASLAV
https://www.youtube.com/playlist?list=PLUPkiRW84R1gxDL-u2P1Ac4bE5bONlHix
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Why Warner Bros. Discovery’s Issues Are Beyond ‘Batgirl’
https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-batgirl-antitrust-1235197626/
30 members of congress sign this 7 page letter complaining about inclusive content being limited at a merged Warner Brothers Discovery before the merger took place
https://archive.ph/14YAg
$1 BILLION in WOKE TV SHOWS and MOVIES BURNED By David Zaslav CEO Warner Brothers Discovery!
https://www.youtube.com/watch?v=fFs2lvofWNg&ab_channel=AdamPost
INTERVIEWS with DAVID ZASLAV on YouTube (check out his interviews from 2 years ago or older, see how passionately he talks about brands!
https://www.youtube.com/results?search_query=david+zaslav+interview
WARNER BROTHERS DISCOVERY, LATEST FINANCIAL RESULTS (SHOWS DEBTS AND INCOME for past 90 days)
https://s201.q4cdn.com/336605034/files/doc_financials/2022/q2/WBD-2022.6.30-10Q-Filed-copy.pdf
Months before the Justice Department blessed the $43 billion Warner Bros. Discovery merger, 30 members of Congress warned the agency in a letter that the resulting competition vacuum could allow the newly formed giant to ignore what consumers want. Among the antitrust concerns they pressed was that it could dampen diverse and inclusive programming — which has become a common criticism after WBD canned its $90 million HBO Max film Batgirl, the first DC movie led by a Latina, Leslie Grace.
“There’s been no indication with Batgirl that they’ll shop it around,” Rep. Joaquin Castro, D-Texas, tells THR. “So this incredibly gifted Latina actress and wonderful story get thrown down the drain for a tax write-off.”
Denise Dowse, Actress in 'Beverly Hills, 90210' and 'Insecure,' Dies at 64
In the four months since the deal closed, CEO David Zaslav has overhauled the entertainment powerhouse. During an Aug. 4 earnings call, he trumpeted a 10-year plan for DC and a “reset” that involved shelving Batgirl — part of a cost-savings push and pivot back to creating projects for theaters. “It’s not about how much,” said Zaslav, speaking of their content offerings. “It’s about how good.”
The message was clear: Batgirl doesn’t live up to Warners’ new standards for theatrical releases and has no place in its streaming plans. (Blue Beetle, starring Xolo Maridueña as DC’s first Latino superhero, in December was scheduled for an August 2023 theatrical release after initially being destined for HBO Max.) So far, WBD has taken an $825 million write-down on content — axing projects like Scoob!: Holiday Haunt, Wonder Twins and J.J. Abrams’ big-budget sci-fi drama Demimonde — to help pay off $50 billion-plus in debt it racked up to complete the deal.
Experts question if these moves indicate that the newly-merged company has too much market power under antitrust laws, which seek to promote innovation, choice and product variety. Merger enforcers consider if a deal will incentivize a company to “withdraw a product that a significant number of customers strongly prefer,” according to the DOJ and FTC guidelines. “You have to ask if this combined entity has sufficient market share to act unilaterally with respect to the traditional parameters of competition, like pricing and output,” says USC law professor Jonathan Barnett. “You’d be concerned by some of the post-closing actions.”
Castro agrees that the company’s plans to slash spending on content raises antitrust issues, observing that there’s “already been large cuts throughout the company and they’re anticipating more.” He also notes that the prospect of having a long-labored project killed for tax purposes will scare off talent. “I don’t know if that was the best way for David Zaslav and his new team to introduce themselves to Hollywood,” he says. “I don’t see people wanting to do business with them.”
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