Brett Cooper — Why Both the Left & the Right Hate the Netflix-Warner Bros Merger | Episode 104

Guys, if you thought everything in Hollywood was already gay, just wait until the Netflix Warner Brother merger goes through. All right, so I don't know about you guys, but my entire social media feed across Tik Tok and X and Instagram is completely dominated by the news that Netflix just won the bidding war to completely acquire Warner Brothers. I mean, like, can you imagine? I was thinking about this this morning.

Could you imagine telling yourself 15 years ago that the DVD rental company Netflix was going to one day be buying Warner Brothers? Like that is just simply insane. But yes, that is the news that came out on Friday. I'm filming this on Friday, so it came out this morning. And you might be thinking like, Brett, why are you doing an episode on this? Why do I care about what is going on in Hollywood with these streaming services?

Well, possibly nothing. You literally might not care at all. But this is already becoming a huge political issue and it will definitely have an impact on viewers and possibly more importantly the content that we and our families all consume. But before we dive into that, make sure that you guys check out cooperconfidential.com which is our subscription platform which has brand new farm vlogs, behindthe-scenes things, cooking vlogs, birth stories, plus adree episodes.

All of that is to cooperential.com. And of course, make sure that you like this video, subscribe to the Bread Cooper Show channel if you've not already, and ring that notification bell so you never miss one of our amazing episodes. So, a few months ago, Warner Brothers began receiving offers from Netflix, Paramount, and Comcast. And everybody and their mother thought that Paramount was going to bring this deal home.

Quote, "Thanks to a combination of a financial firepower, political relationships, which you'll see is very important, and a relatively smoother regulatory path." And that was the assumption up until a few hours before the news broke. But as of this morning, Friday morning, it was announced that Netflix is officially the winner. They are acquiring Warner Brothers for a whopping $83 billion. In their press release, they said that our mission has always been to entertain the world by combining Warner Brothers incredible library of shows and movies from timeless classics like Casablanca and Citizen Canain to modern favorites like Harry Potter and Friends with our culture defining titles like Stranger Things, K-pop Demon Hunters, and Squid Game.

I'm sorry. Like comparing Casablanca to Squid Game and K-pop Demon Hunter should not be allowed. like this is just too insane. Anyway, just had to say that they said we will be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling. This acquisition will help improve our offering and accelerate our business for decades to come. They said with their reach and proven business model, we can introduce a broader audience to the worlds that they create, Warner Brothers, giving our members more options, attracting more fans to our best-in-class streaming service, strengthening the entire entertainment industry, and creating more value for shareholders, which is just like so funny to me.

I don't know if you guys are on TikTok, but there's such a joke on there where it's like, "Flocking in for my corporate job. I'm just here to make more value for shareholders." And so, this line from their press release has been going viral simply for that reason. They're like, "All right, we're going to blow up the entire entertainment industry, but at least we're bringing value to shareholders." And in my mind, this trajectory for Netflix makes complete sense because from the beginning, Netflix has openly stated that they wanted to not only own streaming, but they also wanted to own production.

They're making their own TV shows. They're making their own movies. Obviously, it's a little slower going, probably not as high quality as some of the other big studios, but they have been putting themselves in the race. They want to be there. And since every production studio and other network has watched the success of Netflix and then decided to start their own streaming platforms like Peacock and Paramount Plus and HBO Max, all of that, it made Netflix's goal a little bit harder.

And so, therefore, by acquiring Warner Brothers and their entire catalog and HBO Max and their production capabilities, they've done it. like this is basically the end of the entertainment industry as we know it because it would be nearly impossible for anybody else to edge out the hold that Netflix will now have on Hollywood. This tweet summed it up well. This guy said, "Not just Warner Brothers. Haters said that Netflix would never be as big as HBO.

They now have 300 million subscribers versus HBO's 20 million. Haters said Netflix would never be as quality as HBO. Then in 2021, they won more Emmy awards than HBO. And today they just bought HBO. and DC Studios, Harry Potter, Game of Thrones, Looney Tunes, Mortal Kombat, The Matrix, Mad Max, and hundreds more in their library, which are now up for remake if the deal goes through. And so, that being said, and controversy aside, and there is controversy, and we will talk about it, do not worry.

But all of that aside, that alone just kind of is a badass story arc for Netflix. So, snaps for them, I guess. But it is not all rainbows and sunshine because Netflix is also acquiring Warner Brothers $33 plus billion in debt. Hence, I think why there was a motivator for them to do a merger. Now, it is also important to single Warner Brothers property because Warner Brothers had already decided to do a split down the middle for their business where they would keep their streaming and their production studio in one category.

And then the other category would be their cable networks which will now be something called Global Discovery. And that means that things like CNN, Discovery Channel, HGTV, True TV, Turner Classics, the Food Network, they will all go to Global Discovery. So, do not worry. We are not about to have a Netflix CNN collaboration. At least not yet. And honestly, Netflix might help that poor network. I have no idea. But anyway, that is not coming to your TVs anytime soon.

So, what does this leave Netflix with? Well, it leaves them with the biggest catalog of movies and TV shows from Friends to Harry Potter to DC comics like you heard earlier. And in a very uninvolved way, again, taking the controversy out of this, like as a consumer of this already pre-existing pre-produced content, I look at this and I'm like, whatever. Like streaming is king now. Like this is one less subscription platform to keep up with.

It's me saving time from having to Google to see which platform the movie that I want to watch is on. Like it's consolidated. It seems simple for the consumer. But that is not the bigger issue here and we need to go deeper because it does seem like this will have a massive impact on the future of entertainment and shockingly this is actually bringing people together from across the aisle. Like even Jack Pobic and Elizabeth Warren are agreeing on something.

Like the only other thing that they're agreeing on is how amazing the Bon Charge infrared sauna blanket is. And guys, this thing is incredible. I literally have my my sauna blanket right here. It is amazing. It gives you all the benefits of an infrared sauna, like sweating out toxins, boosting circulation, easing sore muscles, improving sleep, all of the things. But it is in the comfort of your own home. Literally in my room.

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They are seriously raising the bar for at home wellness. Their sauna blankets are amazing and use infrared heat, which penetrates deep to support recovery and detoxification without overheating your environment. It is portable, as you can see. I literally pulled it across the room. It's easy to use and honestly it is kind of addictive. Like just get in it, turn on a show, read a book, you will be so relaxed. And currently Bond Charge is running their holiday sale so that you can save a massive 25% off.

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Just type in dupeddup p.com/ any product URL into your browser and it will instantly find you more affordable alternatives perfect for gifting. They even have an app and a browser extension that you can easily download. No account required, no sign up required. It is completely free to use. So stop overspending on brand names and start saving on holiday gifts with dupe.com immediately. Anyway, back to Pobiac and Senator Warren.

Jack Poviac was quick to speak out about this early this morning and his response was political. He said, "Obama Netflix purchasing Warner Brothers, a monopoly to own the minds of America and America's youth." And you might be thinking, "Okay, Brett, now I'm really confused. Like, what do the Obamas have to do with anything?" Well, you might remember they have a major deal with Netflix to produce and distribute Obamacentric content.

And Susan Rice, who worked both under Obama and Biden as the national security adviser and the domestic policy adviser, is on Netflix's board. and she was brought onto the board to use her political expertise to drive the company forward in that way. And so Bobby's argument is that this is just giving Netflix more political power over everything that we and our families watch and consume. And I mean they have already been at the forefront of politicizing content and remakes and this just gives them even more content infrastructure and opportunities to do so.

And in Jackovia explain I think this is a really interesting argument is that this is what MK Ultra has turned into. And somebody responded to him saying that and said, "Yes, MK Ultra never left. It just evolved. Instead of dosing one person with acid, they dose billions with repetitive scripting, trauma imagery, and behavioral nudging. Watched a bit of the beast in me the other night. That's a new show. First episode had a child death, presumably to shake people into an altered state, and then commence into hypnotic programming.

Within a few episodes, there was already a lesbian protagonist, a straight white male, secretly evil and murderous antagonist. bad guy express antis-ocialist views and pro-rightwing views living away from cities mocked. AOC type shown as hero who is unccorruptible. Violent agent provocator is shown to be secretly right-wing. Left is shown to be peaceful protesters. The only straight white male good guy is an adulterous drug addict.

The NPCs won't notice any of this. They will absorb it as normal. Same format every time. Shake you with traumatic imagery, then program you. Think the opening scene of Stranger Things. MK Ultra is alive and well. Warner Brothers accusition will quintuple their influence. This is scary. Now, in reading all of this, this reminds me of the reason why my mom never let TV into our home. Like, we had a TV, but I had certain shows that I was allowed to watch.

You know, the Andy Griffith Show, I Love Lucy, that sort of thing. We had VHS's of the OG Disney movies that I would watch, but that was it. And her reason for that was not just that she wanted me to go outside and touch grass and play make believe and, you know, play with my American Girl dolls, but it was because she did not want somebody else's values to come into our home. She saw that as the door with which other people's ideas and opinions would come in and influence me.

And understandably in her mind, she went, "No, I'm the parent. I'm going to teach you what I believe. I'm not letting anybody else sit you down in front of a television to teach you and take you away from me." And every day I realized how right and ahead of the curve she really was. Now, moving on from that, where Pobic and Elizabeth Warren do seem to agree is on the issues of monopolies and antitrust laws. And in an article on his website, Human Events, they wrote, "Ultimately, this $82.7 billion behemoth of an accusition by one of the most progressive predatory corporations on planet earth deserves legislation directed at it."

Because this is a blatant antitrust violation. A conservative controlled FTC, Federal Trade Commission, and the GOP controlled House of Representatives need to take action against the Marxist Coalition that has just been built to disenfranchise American families and indoctrinate the minds of our youth. Whether it be the usage of the Clayton and Sherman Acts or imposing fines, this merger needs to be made an example of for the obvious takeover that has been committed for the sole purpose of communist indoctrination.

Now, to be clear, I do not think that Senator Pocahontas agrees that this is Marxist indoctrination. I don't think that that is why she's against this, but she does see this as a dangerous monopoly over the film industry. In a tweet from this morning, she said, "News Netflix is trying to buy Warner Brothers." And she said, "This deal looks like an anti- monopoly nightmare. A Netflix Warner Brothers would create one massive media giant with control of close to half the streaming market.

It could force you into higher prices, fewer choices over what and how you watch, and may put American workers at risk. But the thing is, as I'm looking at all these posts online, as I'm reading the comments, as I do, a lot of just normal people, normal consumers do not seem to care. Like again, as I said at the beginning, we are already spread so thin across all the different various streaming sites and families are already having to pick and choose what they want to put their money towards, what they want to subscribe to.

And now, actually, it's really annoying that we just got rid of cable that movie theaters barely exist anymore. And now, if you want to have full access to everything, you have to pay for a million different platforms and bundles. Like, it has gotten completely ridiculous. and consumers are over it. And it's not just for entertainment, it's also for sports and those kinds of things. Like consumers are just done. And so for a lot of people, this does seem like it's simplifying the system for them.

Like one person said, "Well, I'm already paying for about 150 different streaming services. If you're telling me that it is consolidated into one payment and platform, I actually think I'm winning." I mean, again, basically cable, which somebody commented about and said, "Now they going to combine all the streaming services and introduce Gen Z into a new streaming service called cable." I mean, imagine that we have come full circle, which actually this is even more full circle than just coming back to cable.

And we'll talk about that at the end because this does relate to a Supreme Court case from 1948 that is incredibly relevant, but getting to that soon. Anyway, now from the inner Hollywood industry perspective, there is also the more positive argument that Netflix or whoever would have purchased Warner Brothers is effectively bailing them out because they have so much debt. It's giving them more distribution, therefore helping keep Warner Brothers afloat, keeping its legacy alive, and making sure that people's jobs are safe.

But the majority of people do not see it that way. In fact, Hollywood on a whole is just completely and utterly unhappy. In fact, an anonymous list of producers has already sent an open letter to Congress. By this morning, they had already penned and sent an open letter to Congress begging them to do something. Of course. And here's the thing. Even though my gut response is to laugh at their open letter, their argument is really not that crazy.

And it's a concern that a lot of people are sharing online, which is that now Netflix will effectively control the entire entertainment industry. And that this will be the final nail in the coffin for independent films and for movie theaters. Because Warner Brothers, the company, will now give Netflix the infrastructure to produce and create whatever they want. They don't have to buy from anybody else anymore. And theoretically, they will be able to take those projects, those TV shows, those movies, and put them directly onto Netflix without going to theaters.

They're completely jumping over the theatrical system. Variety wrote about this letter and said that these producers said that Netflix could stand to destroy the theatrical marketplace by escalating or eliminating the amount of time that Warner Brothers films would play in theaters before hitting a combined Netflix HBO Max streaming platform. But apparently if Paramount were to buy it instead of Netflix, they were going to allow Warner Brothers to operate as a standalone business and produce films for theaters.

I think they were going to do 14 theatrical releases a year. And so because of that, people were far more in favor of that acquisition. And even outside of the industry outside of that list of Hollywood elites and producers, people just don't seem thrilled about this kind of bottlenecking. Like one guy Jake said, HBO has made some of the greatest TV shows of all time. Warner Brothers has made some of the best movies ever.

Netflix has made some of the worst of both. They will not have the same level of excellence with their new work that Warner Brothers did. This is horrible for the film and TV industry. And listen, like he's not wrong. It is funny to think about like, you know, Warner Brothers, HBO, they have The Sopranos and True Detective and Big Little Eyes and then Netflix has Bridgetton. [laughter] It's like okay we really can't compare here and like no hate at all because I definitely have watched Bridgetgerton but it is just a funny comparison and the thing is there is an audience for all of that for all of those shows and Netflix knows that that is why they want to merge that is why they want to buy Warner Brothers because now they are capturing both but again people see that as being at the expense of traditional storytelling and movie magic.

HD movie source on X said Netflix buying Warner Brothers feels like the end of an era. This is not about growing cinema. It is about locking everything into streaming and forgetting what made movies matter in the first place. Warner Brothers was the studio that gave us classics on the big screen. And now it is swallowed by a company that only cares about pushing content through an app. When you put it that way, guys, like it genuinely is very depressing.

Like thinking about we're completely jumping over movie theaters. We're missing the in-person magic of storytelling. People are not going to Broadway shows anymore. We're not going to theater. Tech is taking over everything in our world. AI is replacing jobs. I mean like I'm black billilling you guys right now but that is what this feels like. He goes on and he says collectors know the difference. Physical releases theaters the shared experience of film that's humanity that's like real person interaction art that is cinema.

When the focus shifts to streaming only you lose the artistry the permanence the respect for the medium. It is not progress. It is the death of cinema dressed up as convenience. We will know more in four years and all the current productions have played out. That is when the real impact will be clear. And the thing is, the CEOs of Netflix are not actually denying any of this. Because when pressed, one of them said, "No, we're saving Hollywood.

We are in a period of transition." Folks grow up thinking, "I want to make movies on a gigantic screen and have strangers watch them and to play them in the theater for 2 months and have people cry and have sold out shows." It is an outdated concept. I mean, like, I don't even know. Like, that's just so sad. But there you have it. The writing is on the wall. They are not mincing words at all. Apparently, those authors chose to leave that letter unsigned.

They decided to be anonymous, quote, not out of cowardice, but out of fear of retaliation given Netflix's considerable power as a buyer and a distributor. So, they are really driving the point home that they cannot even attach their names to this letter because of how powerful Netflix already is and how powerful it will become after this merger. But other people who are already big names in the industry were happy to attach their names.

Mark Ruffalo in fact tweeted out an op-ed by Jane Fonda against the sale which is just like so classic because if you have followed anything in politics over the last 10 years like whatever the current thing is Mark Ruffalo and Jane Fonda they will be on the front lines they will be protesting. They will be tweeting. And so of course they believe that this is quote a threat to democracy. Now I have concerns about this merger.

I don't know how this is going to work in Hollywood but them saying that this is a threat to democracy makes me want it to go through. I'm like okay this is laughable. This is not a threat to democracy. But that's just my gut response because I don't like the two. Anyway, moving on. Christopher Nolan, who is the president of the Director's Guild of America, also spoke out and he said, quote, "We believe that a vibrant competitive industry, one that fosters creativity and encourages genuine competition for talent, is essential to safeguarding the careers and creative rights of directors and their teams."

And I just have to say, it is just like incredibly ironic that they are now all in favor of this vibrant competition for talent and movies when so many of them in Hollywood grandstand about capitalism and support socialist candidates. It's like, okay, so now you want competition. Now you want the free market in the capitalist marketplace when it helps you. Just food for thought because it is incredibly ironic. Now, the good thing is not all hope is lost because the deal is not officially done yet.

And actually, as of like 5 minutes before I sat down to record this episode, Paramount announced that they are preparing a hostile bid to kick Netflix out of the running. And regardless of who ends up acquiring Warner Brothers, they are still going to have to go through a stiff DOJ antirust review. And it honestly is not looking great for Netflix. A source allegedly close to the White House said, quote, "Nobody is buying what they're saying either at senior levels of the White House or DOJ Antirust."

The key concern is that Warner Brothers streaming service HBO Max is the number three streamer with 100 million subscribers. Combine it with the 300 million subscribers already held by number one Netflix. The merge entity would be twice as large as its nearest competitor in streaming, which would be Disney. And to circle back to what I hinted about earlier on in the episode, this will be particularly interesting considering a Supreme Court case from 1948, and that was United States v.

Paramount, which you can see here. And this is important to talk about because before this case in 1948, the major Hollywood studios like MGM and Warner Brothers and Paramount and Fox and RKO, they controlled the entire movie pipeline from production to distribution. They literally owned the theaters. And because of the Supreme Court case, movie studios are no longer allowed to own the theaters. And this in 1948, it opened up a whole world of independent storytelling and created what I would say was the golden age of movie storytelling.

But with this deal, we're now seeing the opposite. We are seeing the theater or the streamer now owning the studio. And that of course is the major concern. If you made it all the way to the end of this episode, thank you so much for watching. I had so much fun putting it together, and I hope that you enjoyed it, too. If you did, make sure to hit that subscribe button because this channel only exists because of you.

And if you're in the mood for more, I've got even more episodes right here that I think you'll love.