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Trump on Netflix Buying Warner Bros.: 'A Lot of Market Share'
8 Dec
Summary
- President Trump commented on the proposed $82.7 billion Netflix-Warner Bros. acquisition.
- He expressed concern about the significant market share Netflix would gain.
- Industry groups, including theater owners, have voiced serious concerns about the deal.
President Trump has publicly commented on the proposed $82.7 billion acquisition of Warner Bros. by Netflix. While expressing respect for Netflix's co-CEO, Ted Sarandos, and acknowledging the company's success, Trump highlighted the substantial market share the combined entity would command. He indicated that the deal's approval would involve a review process and that economists would assess its implications.
Sarandos, meanwhile, has defended the acquisition, describing it as a rare opportunity to further Netflix's mission of entertaining the world. He emphasized the company's evolution from DVD rentals to streaming and original content, asserting the need for continuous innovation to meet audience demands in an increasingly competitive entertainment landscape.
However, the proposed merger faces considerable opposition. Key Hollywood organizations, including Cinema United and the Directors Guild of America, have raised serious concerns. They warn that the acquisition poses an unprecedented threat to the global exhibition business and raises significant questions about the future of content distribution and the industry.
