Jane Fonda is publicly voicing her concerns about Netflix’s $82.7 billion move to acquire Warner Bros., sharing a powerful joint statement with the First Amendment Commission on Instagram Friday night.
In the post, Fonda calls the merger “a disturbing escalation of consolidation that threatens the entire entertainment industry, the democratic audiences it serves, and the First Amendment.”
The statement goes further, warning: “Make no mistake, this is not just a disastrous business deal that could destroy our creative industry. It is a constitutional crisis exacerbated by the administration’s demonstrated disregard for the law.”
Fonda also addressed part of her message to the Justice Department, urging federal authorities not to interfere with creative independence. “We demand that you categorically refrain from using this power to extract political concessions that influence content decisions or relax free speech,” the post said.
He also challenged Netflix and all the companies associated with the takeover. “As stewards of an industry built on free expression, you have a responsibility to defend our rights, not trade them to line your own pockets. We know there will be enormous pressure to comply, it’s critical that you stay strong,” he added.
Netflix co-CEO Ted Sarandos alluded to the deal earlier Friday in a press release touting the expanded catalog the acquisition will bring.
“Combining Warner Bros. incredible library of shows and movies — from timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends — with our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we’ll be able to do that even better,” Sarandos said, adding, “Together they can help audiences into the next century. telling stories.”
The company also said it “expects” to continue releasing Warner Bros. films in theaters.
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