""I'll be involved in that decision," Trump told reporters as he arrived at the Kennedy Center for its annual awards show. The US president was referring to federal regulators reviewing the deal, which has raised antitrust concerns in Hollywood. If the agreement is greenlit, Netflix already the world's largest streaming platform would control one of Hollywood's most recognizable film and TV houses."
"Cinema United, a trade organization that represents movie theaters across the US, said Friday that the deal risks eliminating 25% of the annual box office in the US and poses an "unprecedented threat" to cinemas around the world. The Writers Guild trade union has called for the merger to be blocked. "The world's largest streaming company swallowing one of its biggest competitors is what antitrust laws were designed to prevent," the group said in a statement."
President Donald Trump will be involved in the federal regulatory review of Netflix's proposed consolidation with parts of Warner Bros. Discovery. Netflix would acquire parts of Warner Bros. Discovery for $72 billion if the sale completes, potentially uniting the world's largest streaming platform with one of Hollywood's most recognizable studios. Regulators face antitrust concerns over market concentration and potential impacts on competition. Cinema United warned the deal could eliminate 25% of the annual US box office and pose an unprecedented threat to cinemas worldwide. The Writers Guild urged blocking the merger, stating such consolidation undermines antitrust protections.
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