Netflix–Warner Bros deal: Trump concerned over OTT giant’s ‘large market share’; asserts he will be ‘involved’


Netflix–Warner Bros deal: Trump concerned over OTT giant's ‘large market share’; asserts he will be ‘involved’

US President Donald Trump on Sunday raised concerns about the recent Hollywood deal that shook up the media landscape, Netflix acquisition of Warner Bros. The US president, speaking to the media while arriving for the Kennedy Center Honors awards ceremony on Sunday, said that the proposed multi-billion-dollar acquisition raised concerns about market dominance. The streaming service, he argued, already commands significant power in the sector. Netflix has “a very large market share” and “it could be a problem.” He further hinted that the White House would be tied to deal, “I’ll be involved in that decision.”These remarks come as federal authorities weigh whether the nearly $83 billion deal should be allowed to proceed amid pushback from within Hollywood, where the prospect of further consolidation has triggered antitrust concerns.Despite the caution, Trump offered warm words for Netflix co-CEO Ted Sarandos, who met him at the White House recently, saying “he’s done one of the greatest jobs in the history of movies.”The takeover would hand Netflix control of HBO Max in addition to Warner Bros. studios, the home of titles ranging from “Casablanca” and “Citizen Kane” to recent box-office juggernaut “Barbie.” In case the agreement stands as proposed, the streaming platform would also take possession of world-famous franchises including Harry Potter, the Lord of the Rings saga and DC Studios’ superheroes: Batman, Superman and Wonder Woman among them.However, the deal excludes Warner Bros.’ linear television channels. Discovery, CNN and other broadcast properties would be separated from the company before any sale is finalised.Warner Bros. Discovery announced in October that it was open to a sale after fielding multiple unsought bids. Netflix emerged ahead of rival interest from Comcast and from Paramount Skydance, the media business led by David Ellison, a figure known to be a major supporter of Trump.





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