James Cameron is going to bat for Paramount in the bidding war for Warner Bros. Discovery.
In a letter sent to Sen. Mike Lee (R-Utah), Cameron argues that allowing Netflix to purchase the studio will deal a disastrous blow to movie theaters and weaken an essential cog of the Hollywood machinery in a way that will lead to substantial job losses.
The letter, dated Feb. 10, amplifies concerns from lawmakers and the Justice Department that the potential sale will result in fewer films being released in theaters. While the government’s main focus has been Netflix’s dominance in streaming, it’s also pressed Netflix on what will happen to Warner Bros. movies if it were to acquire the company.
Cameron nods to prior remarks from Netflix CEO Ted Sarandos calling movie theaters an “outdated concept” and an “outmoded idea.”
“The business model of…
