David Ellison Criticizes Netflix’s Monopoly in UK Open Letter
David Ellison, CEO of Paramount, has addressed concerns regarding Netflix’s growing influence in the UK entertainment industry through an open letter directed at the UK creative community. In his letter, Ellison expressed his commitment to investing in content, preserving theatrical windows, and maintaining HBO’s independent operations amid Paramount’s ongoing bid for Warner Bros. Discovery (WBD). His remarks come as Netflix seeks to finalize its $83 billion acquisition of WBD, which Ellison claims could lead to a monopolistic environment.
Concerns Over Monopolistic Culture
Ellison articulated that the merger between Paramount and WBD would be a move towards strengthening competition within the creative sector. He emphasized that the industry would benefit from increased choice, stating, “We believe the creative community and audiences are best served by greater choice—not less.” He argued that Netflix’s proposed acquisition could eliminate meaningful competition, creating what he deemed a “dominant entity.”
Commitments to the Creative Community
In light of the competitive landscape, Ellison laid out several commitments should Paramount secure the acquisition of WBD:
- Increased Film Production: Paramount and Warner Bros. Studios aim to produce a minimum of 30 feature films annually.
- Support for Third-Party Content: Both studios will license films on various platforms while acquiring works from independent producers.
- HBO’s Continued Independence: HBO will maintain its operational autonomy under Paramount, allowing it to generate quality content.
- Theatrical Releases: Each film will have a minimum 45-day theatrical window before being available on video-on-demand services.
- Home Video Preservation: Films will follow the current home video window standard post-theatrical release.
Paramount’s Vision for the Future
Ellison reiterated Paramount’s goal of enhancing the creative economy by ensuring more stories reach wider audiences. He believes that the proposed merger would champion competition, creating a robust alternative to dominant entertainment platforms. Furthermore, he stated, “At Paramount, we will do everything in our power to ensure the next generation of extraordinary films can be told and seen by the broadest possible audience on the biggest screens.”
In conclusion, Ellison’s letter is a call to the UK creative community, emphasizing the importance of safeguarding the future of visual storytelling in a landscape increasingly threatened by monopolistic practices. His commitments reflect a dedication to fostering a vibrant marketplace that benefits creators and consumers alike.
