Following the announcement that Netflix would buy the film and streaming businesses of Warner Bros for $72 billion, it has been difficult to find anyone who views this development as positive, with even Netflix investors displaying concern. Yet rampant speculation over what this might mean for consumers or even the art of cinema itself has risked overshadowing ominous portents for the workers who stand to lose the most — and what they might do in response. The entertainment industry may be brutal toward those it depends on, but it is particularly vulnerable to their power when they act together.

Predictably, much attention has been consumed by the hostile bid for Warner Bros. Discovery’s assets, launched by Paramount Skydance after its own attempt to acquire WBD was beaten out. Despite Paramount chief executive David Ellison arguing that his company would be more likely to gain the approval of federal competition regulators (and Ellison reportedly promising the White House to clownify CNN à la CBS under the Bari Weiss regime), a formal response from the WBD board this week advised shareholders to reject the offer, though Paramount may still return with a higher bid.

Regardless, a victory for either Netflix or Paramount would produce an industry-warping megacorporation that makes the word “monopoly” unavoidable. Whoever wins, we lose.

Sen. Elizabeth Warren, D-Mass., warned on NPR’s Morning Edition that a Paramount–Warner Bros. merger could result in “one person who basically decides what movies are going to be made, what you’re going to see on your streaming service, and how much you’re going to have to pay for it.” Even President Donald Trump — not exactly renowned for his zeal for corporate propriety —

© The Intercept