International News | Latest
Washington, USA – US President Donald Trump has voiced significant concern over streaming giant Netflix’s ambitious plan to potentially acquire Warner Bros. Studios for a staggering $83 billion. The President warned that this mega-deal could become a ‘problem’ concerning market competition, given Netflix’s already dominant market share.
In his reaction to the potential merger, Donald Trump asserted that he would play a direct role in the final decision, as federal regulators are currently reviewing the deal amid mounting anti-competitive concerns from other companies.
President Trump took a moment to praise Netflix’s co-Chief Executive, Ted Sarandos, who recently visited the White House. According to Trump, Sarandos has done “outstanding work” in the film industry.
If the deal is finalized, Netflix stands to inherit an extensive cinematic legacy, which includes popular franchises such as:
-
Harry Potter
-
The Lord of the Rings
-
DC Studios’ superheroes like Batman, Superman, and Wonder Woman
-
Classic films such as Casablanca and Citizen Kane
-
The recent blockbuster hit ‘Barbie’
Crucial Caveat: The deal would not include Warner Bros. Discovery’s television channels like ‘Discovery’ and ‘CNN,’ as there are existing plans to spin off these entities from the core Warner Bros. operations.
Warner Bros. Discovery officially put itself up for sale in October after receiving bids from various entities. The competition included Comcast and Paramount Skydance, whose head, David Ellison, is considered a supporter of President Trump. This massive potential merger has intensified concerns in Hollywood regarding the further limitation of competition once Netflix gains such a vast content catalog.
