As Netflix works to acquire essential content by merging with Warner Bros., many conservatives are demanding that the company face up to the risks of targeting children with adult-themed content on its platform.

“I think Netflix has a problem, and that they have a creative class that just loves to push the envelope with programming, including children’s programming, and they don’t seem to be satisfied unless they’re subverting the moral order with sexual content,” Jerry Bowyer, asset manager and Netflix shareholder, told The Epoch Times.

“Companies that do that eventually lose their ’social license,'” he said. “Eventually, parents and the social order reasserts itself, and there’s blowback.”

Bowyer’s company, Bowyer Research, has filed a shareholder resolution with the Securities and Exchange Commission proposing that shareholders vote against the election of Netflix’s current board of directors for “failing to compete effectively with industry peers and tying the Netflix brand to divisive social policies rather than business fundamentals.”

Netflix’s sexualized children’s content has also drawn criticism and calls for a boycott from public figures such as Elon Musk and sparked the ire of members of Congress.

“Cancel Netflix for the health of your kids,” Musk stated on X in September. Netflix’s shares, which traded around $125 per share in September, have since fallen to $94 per share at year-end, though much of that decline is likely due to the company’s intention to take on substantial new debt to acquire Warner Bros.