David Ellison Warns of “Monopolistic” Netflix in Open Letter to U.K. Creatives

David Ellison Warns of “Monopolistic” Netflix in Open Letter to U.K. Creatives
David Ellison, chairman and CEO of Paramount, a Skydance Corporation, took the war of words and his message across the pond on Thursday, publishing an open letter to the creative community and audiences in the U.K. with a set of commitments, should the company succeed in acquiring Warner Bros. Discovery (WBD), which has struck a mega-deal to sell its studios and streaming businesses to Netflix. Among the list are commitments to the theatrical and home video, the preservation of HBO, and “increased creative output.”