David Ellison Criticizes Netflix’s Monopoly in UK Open Letter

David Ellison, CEO of Paramount, has issued an open letter to the UK creative sector. In this letter, he emphasizes the importance of content investment and protecting theatrical windows. His firm commitment comes amid Paramount’s ongoing pursuit of Warner Bros. Discovery (WBD).

Ellison’s Criticism of Netflix’s Monopoly

In his letter, Ellison criticizes Netflix for its potential to create a monopolistic entity through its acquisition plans for WBD’s assets. He argues that the streaming giant’s approach would limit competition, moving away from an ecosystem that fosters diverse filmmaking.

Netflix is confident about securing approval for its $83 billion deal from regulatory bodies in the UK and elsewhere. According to a spokesperson, the deal is described as “pro-consumer, pro-innovation, pro-worker, pro-creator, and pro-growth.”

Commitments to the Creative Community

Ellison’s letter outlines several commitments aimed at benefiting the UK creative community:

• Increased Film Production: Paramount and WBD would jointly produce at least 30 feature films annually, bolstering cinema offerings.
• Theatrical Releases: Every film will have a minimum theatrical window of 45 days before transitioning to video-on-demand services.
• Support for HBO: HBO will function independently under Paramount, maintaining its reputation for high-quality content.
• Partnership with Third Parties: Both studios will support a vibrant third-party ecosystem by licensing content widely.

Future Plans for Paramount

Ellison stressed that Paramount aims to protect and enhance the cinematic experience. He envisions a media landscape that champions competition and creativity, contrasting with Netflix’s path.

Furthermore, HBO Max is set to launch in March in the UK, where Paramount possesses various assets, including the public service broadcasting network, Channel 5.

A Vision for the Creative Industry

Ellison concludes with a message of dedication to storytelling and the future of visual media. He aspires for Paramount and WBD to foster an environment that nurtures talent while producing significant works.

“We are pro-competition, pro-creative community, and pro-consumer,” he affirmed. Ellison encourages support from the creative community as Paramount continues its strategic endeavors in the evolving media landscape.