President Donald Trump voiced his concerns about the massive $72 billion acquisition deal between Netflix and Warner Bros. Discovery, labeling it as potentially problematic due to the enormous market share it would command. Speaking at the Kennedy Center Honors, Trump mentioned that he will be part of the decision process that oversees the federal approval of this merger. He acknowledged the incredible impact of Netflix in the industry, stating that CEO Ted Sarandos has made substantial contributions but admitted the merger raises questions about competition levels in the streaming market. This deal would integrate Warner's iconic franchises, like the 'Harry Potter' series and HBO Max, under Netflix's extensive content umbrella. As the merger awaits regulatory review, Trump's active involvement adds another layer of complexity to the media landscape.
Trump Weighs in on Netflix's $72 Billion Warner Bros. Deal
Trump Weighs in on Netflix's $72 Billion Warner Bros. Deal
President Trump comments on the potential merger of Netflix and Warner Bros., raising concerns about market share and competition in the media landscape.
In a recent statement, President Trump expressed his reservations about Netflix's acquisition of Warner Bros. for $72 billion, highlighting the significant market share the merger would create. While praising Netflix CEO Ted Sarandos, Trump emphasized the need for regulatory approval, hinting that he would play a role in the decision-making process regarding the deal's future.
