Summary
President Donald Trump expressed concerns about a proposed deal where Netflix plans to buy Warner Bros. Discovery for $72 billion, citing its large market share as a potential problem. He stated that he would be involved in the decision about federal approval of the merger, which could significantly impact the entertainment industry.
Key Facts
- Netflix plans to buy Warner Bros. Discovery in a $72 billion deal.
- President Trump said the merger could be problematic due to the large market share involved.
- The deal would combine Netflix with Warner Bros., a major Hollywood studio.
- President Trump mentioned he would be part of the decision to approve the merger.
- The merger could reshape the entertainment industry by bringing together two major streaming services.
- Trump had met with Netflix CEO Ted Sarandos before the deal was announced.
- Trump praised Netflix and its CEO but noted concerns over the company's increased market share.
