US EditionNetflix deal to buy Warner Bros. ‘could be a problem’ because of size of market share, Trump says
President Trump expressed antitrust concerns over Netflix's $72 billion acquisition of Warner Bros. Discovery, citing the combined firm's large market share and involvement in regulatory approval.
- On Sunday, President Donald Trump said he would have a say on the Netflix–Warner Bros. Discovery merger, warning the combined firm's market share could be a problem and that economists must weigh in.
- Netflix agreed on Friday to buy Warner Bros. Discovery's TV, film and streaming division for $72 billion, folding HBO Max and its film catalogue into Netflix.
- Analysis by JustWatch found the combined Netflix, HBO Max and Discovery would control 34 percent of the American SVOD market, while Netflix has more than 300 million subscribers, but investors saw shares fall as analysts called the deal expensive.
- Regulators could face a formal DOJ review as Writers Guild of America West and East urged officials to block the deal, warning it would eliminate jobs and push down wages, while Sen. Elizabeth Warren said `This deal looks like an anti-monopoly nightmare`.
- Ted Sarandos, Netflix co‑CEO, visited the Oval Office last week and made no promises about the merger, while the deal's value rises toward $82.7 billion amid rare presidential involvement.
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351 Articles
US President Donald Trump has suggested that a deal reached by Netflix to buy Warner Bros. Discovery "could be a problem" because of the size of the combined market share.
Right now, Hollywood is having the biggest deal in recent years that can change the landscape in the entertainment industry. Netflix is buying Warner Bros. Discovery, a conglomerate that includes HBO. The parties have already agreed on a deal, but it will only be possible to complete it after the approval of the competition authorities. This seems somewhat problematic, as President Donald Trump of the United States has already intervened, who ha…
How Trump Could Kill the Netflix-Warner Bros. Deal
Netflix last week emerged victorious from the months-long bidding war for Warner Bros. Discovery, reaching a massive deal that would unite the two film and television giants and allow Netflix to take ownership of HBO Max, one of its biggest streaming rivals. But President Donald Trump and his Administration could kill the industry-redefining acquisition before it’s ever realized. [time-brightcove not-tgx=”true”] While media mergers often end up …
Trump Signals He Will Scrutinize Netflix-Warner Bros. Discovery Deal, Cites Market-Share Concerns - Real America's Voice News
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