In a statement on Sunday, President Trump raised concerns regarding Netflix’s proposed $72 billion acquisition of Warner Bros. Discovery, suggesting the merger could create issues due to the significant market share it would entail. Speaking at the Kennedy Center Honors, Trump indicated his involvement in the decision-making process for federal approval, which would lead to the combination of two major streaming services under one umbrella, alongside Warner's extensive film and television portfolio.
Trump described Netflix as a remarkable company and expressed respect for CEO Ted Sarandos, whom he met just prior to the announcement of the merger. However, he reiterated that the merger could pose potential challenges, remarking, It could be a problem, due to the increased market power it would confer upon the combined assets of Netflix and Warner Bros.
The deal is poised to reshape the entertainment industry landscape. Should regulators give the green light, the merger would not only consolidate Netflix's content offerings but also bolster Warner’s rich library, which includes iconic franchises like 'Harry Potter' and hit shows from HBO Max.
They have a very big market share and when they have Warner Bros., you know, that share goes up a lot so, I don’t know,” Trump commented, emphasizing the scrutiny the deal might receive. The outcome remains to be seen as stakeholders await further developments in the approval process.
Trump described Netflix as a remarkable company and expressed respect for CEO Ted Sarandos, whom he met just prior to the announcement of the merger. However, he reiterated that the merger could pose potential challenges, remarking, It could be a problem, due to the increased market power it would confer upon the combined assets of Netflix and Warner Bros.
The deal is poised to reshape the entertainment industry landscape. Should regulators give the green light, the merger would not only consolidate Netflix's content offerings but also bolster Warner’s rich library, which includes iconic franchises like 'Harry Potter' and hit shows from HBO Max.
They have a very big market share and when they have Warner Bros., you know, that share goes up a lot so, I don’t know,” Trump commented, emphasizing the scrutiny the deal might receive. The outcome remains to be seen as stakeholders await further developments in the approval process.
