Credited from: BBC
US President Donald Trump has publicly expressed concerns regarding Netflix's proposed $72 billion acquisition of Warner Bros. Discovery's assets, stating that the combined market share could pose significant problems. During an event at the Kennedy Center in Washington DC, Trump remarked on the merger's implications, claiming Netflix already holds a "very large market share," which he believes could lead to further concentration of market power in the entertainment sector, according to BBC, India Times, and Reuters.
Trump emphasized his involvement in the regulatory review, stating, "I'll be involved in that decision." He pointed out that federal authorities are currently weighing antitrust concerns related to the deal, which would consolidate several significant franchises, including HBO Max, if approved. The proposed merger comes amid pushback from within Hollywood about increasing consolidation in the media landscape, according to BBC, India Times, and Reuters.
While raising these concerns, Trump did offer praise for Netflix's co-CEO Ted Sarandos, recognizing his contribution to the industry. "He's done one of the greatest jobs in the history of movies," Trump stated, hinting at his positive view of the individuals behind the acquisition, which includes iconic franchises such as Harry Potter and numerous other titles under Warner Bros., according to BBC, India Times, and Reuters.