Summary
President Donald Trump has expressed concerns about Netflix's planned $72 billion deal to buy Warner Brothers Discovery, which includes Warner's movie studio and HBO's streaming service. He mentioned the large market share of Netflix and suggested he would be involved in the decision to approve the deal. The agreement is still awaiting approval from competition authorities.
Key Facts
- President Trump talked about Netflix's proposed $72 billion deal to acquire Warner Brothers Discovery.
- The deal includes Warner's movie studio and HBO's streaming networks.
- Trump noted that Netflix already has a large share of the market, which could increase significantly if the deal goes through.
- The deal must be approved by competition authorities to ensure it doesn't violate laws by controlling too much of the streaming market.
- The US Justice Department's competition division is responsible for reviewing major mergers like this one.
- Trump stated he would personally be involved in the decision on whether or not to approve the deal.
- Netflix's co-CEO Ted Sarandos recently met with Trump, who spoke positively about him and his work at Netflix.
