Opinion: Hollywood strikes prove Netflix and other streamers have grown too powerful. Time to break them up
LA TimesThe Hollywood writers’ strike is in its fourth month, and the actors’ strike is in its fourth week with no end in sight. As Federal Trade Commission Chair Lina Khan recently stated, this structure “can enable firms to exert market power over creators and workers alike and potentially limit the diversity of content reaching consumers.” For most of the first half of the 20th century, the major film studios also controlled both production and distribution. It’s hard to see how the strikes can be settled equitably and a relatively fair system restored without again invoking antitrust laws to force giant entertainment companies to separate production from streaming distribution. The need to protect creative diversity was one compelling reason behind the Justice Department’s successful antitrust lawsuit last year to block the $2.2-billion acquisition of major publisher Simon & Schuster by Penguin Random House. If Netflix and its streaming peers like Apple+, Amazon Prime, Disney+ and Max can maintain their vertical control, it will be next to impossible to settle the Hollywood strikes in ways that could preserve the ability of creators and technicians to earn a decent living and protect creative diversity.