"The Republican president said he will be involved in the decision about whether the federal government should approve the $72 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."
""Netflix is a great company. They've done a phenomenal job. Ted is a fantastic man," he said of Netflix CEO Ted Sarandos, noting that they met in the Oval Office last week before the deal was announced Dec. 5. "I have a lot of respect for him but it's a lot of market share, so we'll have to see what happens.""
"Asked if Netflix should be allowed to buy the Hollywood giant behind "Harry Potter" and HBO Max, the president said, "Well that's the question." "They have a very big market share and when they have Warner Bros., you know, that share goes up a lot so, I don't know," he said. "I'll be involved in that decision, too. But they have a very big market share""
President Donald Trump expressed concern that Netflix's proposed $72 billion acquisition of Warner Bros. Discovery could create a very large combined market share. The deal would join Warner's television and motion picture division, including DC Studios, with Netflix's extensive library and production arm, combining two major streaming services under one owner. Trump said he met with Netflix CEO Ted Sarandos, praised Sarandos's work, and indicated he will be involved in the government's decision on regulatory approval. Trump emphasized that the merger's market concentration could be problematic and that the approval process will determine the outcome.
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