"At an event in Washington DC on Sunday, he said Netflix has a "big market share" and the firms' combined size "could be a problem". On Friday, the two companies said they had reached an agreement that could bring Warner Brothers' franchises like Harry Potter and Game of Thrones to Netflix, creating a new media giant. The planned deal, which has raised concerns among some in the industry, is yet to be approved by competition authorities."
"At an event at the Kennedy Center in the US capital, Trump said that Netflix has a "very big market share" which would "go up by a lot" if the deal goes ahead. Trump added that he would be personally involved in the decision on whether or not to approve the deal and repeatedly highlighted the size of Netflix's market share."
US President Donald Trump expressed potential concerns over Netflix's proposed $72bn acquisition of Warner Brothers Discovery's movie studio and HBO streaming networks. He said Netflix already holds a large market share that would increase significantly if the deal proceeds. The agreement could bring franchises such as Harry Potter and Game of Thrones to Netflix and form a major new media company. Competition authorities have not yet approved the transaction, and the US Justice Department's competition division could challenge the deal if the merged firms dominate the streaming market. Trump said he would be personally involved in the approval decision and noted praise for Netflix's co-CEO.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]