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Legendary “Titanic” director James Cameron is likening the theatrical experience to a “sinking ship” if Netflix
acquires Warner Bros. Discovery’s
film studio.
Cameron penned a letter to Sen. Mike Lee, R-Utah, last week, which was obtained by CNBC, in which he argues Netflix’s proposed acquisition of WBD’s studio and streaming assets could lead to massive job losses in Hollywood, fundamentally alter the theatrical landscape in the U.S. and negatively impact one of America’s largest export sectors.
