Market Outlook: Warner Bros. bids raise stakes for Canada’s media sector
BNN Bloomberg
Netflix and Paramount bids for Warner Bros. could affect Canada’s film, streaming and cultural policy landscape.
BNN Bloomberg spoke with Douglas Barrett, adjunct professor in the arts, media and entertainment MBA program at the Schulich School of Business, about how studio consolidation, streaming economics and trade tensions could influence Canadian broadcasters, theatrical distributors and domestic content rules.
Read the full transcript below:
ROGER: The ongoing battle to acquire Warner Bros. continues to make headlines, focusing on whether Netflix or Paramount will end up with the deal. But what do these blockbuster deals mean for Canada’s film and television industry?
For more on this, we turn to Douglas Barrett, adjunct professor in the arts, media and entertainment MBA program at the Schulich School of Business. Professor, thanks very much for joining us today.
I just want to get your initial thoughts. Earnings came out today — Paramount topping out, it looks like; Warner, not so much. Does this give Paramount an edge at all, seeing those numbers today, or is it still a toss-up?
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