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Trump says he’ll be involved in review of Netflix-Warner Brothers deal

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The US president did not indicate support for the deal but highlighted concerns over potential market concentration in the entertainment industry.

WASHINGTON: US President Donald Trump said on Sunday that he would have a say whether a proposed merger between Netflix and Warner Brothers should go forward, telling reporters the market share of a combined entity could raise concerns.

“I’ll be involved in that decision,” Trump told reporters as he arrived at the Kennedy Center for its annual awards show.

Netflix on Friday agreed to buy Warner Bros Discovery’s TV, film studios and streaming division for US$72 billion, a deal that would hand control of one of Hollywood’s most prized assets to the streaming pioneer.

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🟡Reuters

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