Trump says Netflix deal to buy Warner Bros. ‘could be a problem’ because of size of market share
By DARLENE SUPERVILLE Associated Press WASHINGTON AP President Donald Trump mentioned Sunday that a deal struck by Netflix to buy Warner Bros Discovery could be a predicament because of the size of the combined industry share Related Articles Colorado commercial sector driving into with the fog lights on Denver s newest bar serves cocktails inspired by borscht papaya salad and of unit peaches Construction of -sq -ft Cherry Hills mansion detailed in -page book Sponsored Why Denver real estate experts say don t panic about winter slowdown Colorado ski resorts tracking uncertain voyage trends consumer confidence There s no question about it Trump stated answering questions about the deal and various other topics as he walked the red carpet at the Kennedy Center Honors The Republican president explained he will be involved in the decision about whether the federal administration should approve the billion deal If approved by regulators the merger would put two of the world s biggest streaming services under the same ownership and join Warner s television and motion picture division including DC Studios with Netflix s vast library and its production arm The deal which could reshape the entertainment industry has to go through a process and we ll see what happens Trump revealed Netflix is a great company They ve done a phenomenal job Ted is a fantastic man he revealed of Netflix CEO Ted Sarandos noting that they met in the Oval Office last week before the deal was revealed Dec I have a lot of respect for him but it s a lot of area share so we ll have to see what happens Urged if Netflix should be allowed to buy the Hollywood giant behind Harry Potter and HBO Max the president disclosed Well that s the question They have a very big sector share and when they have Warner Bros you know that share goes up a lot so I don t know he explained I ll be involved in that decision too But they have a very big sphere share Sarandos made no guarantees at their meeting about the merger if it is approved Trump commented adding that the CEO is a great person who has done one of the greatest jobs in the history of movies and other things FILE Ted Sarandos arrives at the premiere of The Electric State on Monday Feb at The Egyptian Theatre in Los Angeles Photo by Jordan Strauss Invision AP File He repeated that a merger would create a big arena share for the company There s no question about it It could be a concern Trump announced Associated Press writer John Carucci contributed to this analysis
