James Cameron Warns of Hollywood Collapse Over Netflix’s $27.75 Warner Bros Bid
James Cameron warned that Netflix’s $27.75-per-share offer to buy Warner Bros. Discovery could trigger widespread Hollywood job losses and cripple the U.S. theatrical market. The Justice Department has summoned major theater chains to probe the deal as Paramount’s $31-per-share bid pressures Warner Bros. Discovery’s board.
1. Cameron’s Warning on Theatrical Business
Titanic and Avatar director James Cameron sent a letter to Senator Mike Lee cautioning that Netflix’s proposed $27.75-per-share acquisition of Warner Bros. Discovery could result in significant Hollywood job losses and fundamentally undermine the U.S. theatrical landscape, likening the outcome to a "sinking ship."
2. Heightened Antitrust Scrutiny
Senate antitrust subcommittee leaders held a February 3 hearing where Netflix’s co-CEO and a Warner Bros. Discovery executive testified on the deal’s implications, while the Justice Department has since summoned major theater-chain owners to assess potential impacts on cinema operators.
3. Bidding War Intensifies
Netflix’s $27.75-per-share offer values Warner Bros. Discovery’s studio and streaming assets at $82.7 billion, but Paramount has submitted an informal $31-per-share bid that has drawn board interest; Netflix has until February 23 to respond, and a shareholder vote is scheduled for March 20.
4. Spending Plans and Market Outlook
Netflix plans $20 billion in global film and TV spending for 2026, primarily in the U.S., with analysts predicting Netflix could still emerge victorious or see its shares rebound toward $100 even if Paramount ultimately secures the deal.