Summary
Netflix decided not to buy Warner Bros after another company, Paramount Skydance, made a higher offer. President Trump and some Hollywood insiders were pleased because they had concerns about Netflix's influence and political ties.
Key Facts
- Netflix backed out of buying Warner Bros after Paramount Skydance offered $111 billion.
- President Trump and others in his circle opposed the Netflix deal.
- Netflix's CEO met with U.S. government officials, indicating potential political concerns.
- President Trump criticized a Netflix board member, Susan Rice, for her past political ties.
- Some in Hollywood, like director James Cameron, also opposed Netflix's takeover.
- There's a belief that Netflix's influence affects traditional cinema and political landscapes.
- Netflix is seen by critics as having close ties to the Obamas through a production deal.
