HOLLYWOOD IS BEING LIQUIDATED. As Netflix closes in on its $72 BILLION conquest of Warner Bros., a shocking letter from California lawmakers reveals the devastating human cost they are trying to hide. This isn’t a merger—it’s a CORPORATE EXECUTION of American cinema, with tens of thousands of jobs on the chopping block to feed Silicon Valley’s bottom line.
Senator Adam Schiff and Representative Laura Friedman have issued a desperate, last-ditch plea to Netflix’s Ted Sarandos and Paramount’s David Ellison, demanding “concrete commitments” to workers. But industry insiders know the truth: the commitments have already been made—to Wall Street. Netflix plans to slash UP TO $3 BILLION in costs, while Paramount’s rival bid promised a bloodbath of $6 BILLION in cuts. These aren’t efficiencies; they are premeditated layoffs targeting the very heart of Los Angeles’s creative economy.
The numbers are a HORROR SHOW: 42,000 jobs already vaporized between 2022 and 2024. Film activity plummeting over 13% in a single year. The lawmakers warn that 680,000 jobs and a $115 billion economic engine hang in the balance. Yet, behind closed doors, CEOs are smugly promising that destroying these iconic studios is somehow “great for consumers” and “pro-competitive.” This is the GASLIGHTING of an entire industry.
Worse, the “bipartisan legislation” touted as a salvation—a federal film tax credit—is a hollow band-aid on a gaping wound. It’s a taxpayer-funded handout designed to clean up the carnage that these streaming titans are hell-bent on creating. The hearing in Washington was a FARCE, a staged performance where CEOs paid lip service to job creation while their spreadsheets plotted mass unemployment.
The brutal reality is that Hollywood, as we know it, is being dismantled and sold for parts by unaccountable billionaires. One question remains: when the final cut is made, will there be anything left of Tinseltown but a haunting, empty backlot?
Author: Kayitsi.com
