Paramount CEO David Ellison called Netflix out for its “monopolistic” tendencies while laying out his vision for the future of cinema in an open letter to the British creative community and the film and TV industry at large late Wednesday night.
Touting his own “deep love and appreciation for storytelling — especially on screen,” the executive wrote that a deal between Paramount and Warner Bros. Discovery would “strengthen competition by creating a more capable and effective rival to the dominant platforms,” in stark contract to Netflix’s path.
He also offered a five-point plan, which included Increased Creative Output, Third-Party Content and Licensing, Preserving HBO, Theatrical Commitment and Preserving the Home Video Window.
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