Donald Trump This Sunday he expressed his Doubts about purchasing from the historical study Warner Bros. on the part Netflix. The US President specifically warned against the streaming giant already has “a large market share.”” and that this “could be a problem.
“I will participate in this decision“Trump arrived at the Kennedy Center Honors ceremony anticipating the decision facing federal regulators in evaluating the award Agreement for almost 83,000 million dollars This also includes HBO Max and franchises such as Harry Potter and DC Comics.
Amid antitrust concerns and outrage among Hollywood’s elite, Trump claimed that Netflix co-CEO Ted Sarandos recently visited him at the White House and said he had “done some of the best work in the history of film.”
This is the largest operation in the industry since Disney bought Fox for $71 billion in 2019.
The platform would be in front of it a huge catalogwhich includes the sagas “Harry Potter” and “The Lord of the Rings”, the superheroes from DC Studios (including Batman and Superman) and the series “Game of Thrones”.
The transaction, in cash and stock at $27.75 per WBD share, beats offers from competitors such as Paramount and Comcast and marks the final consolidation following exclusive negotiations, although it still awaits regulatory approvals and the spin-off of non-core assets such as CNN and Discovery.
“Our mission has always been to entertain the world,” said Ted Sarandos, co-CEO of Netflix.
He added: “By combining Warner Bros.” With our incredible collection of shows and films – from timeless classics like Casablanca and Citizen Kane to modern classics like Harry Potter and Friends – with culture-defining titles like Stranger Things, K-Pop Demon Hunters and The Squid Game, we can do it even better.”
“Together, We can give the public more of what they love and help define the next century of narrative,” he concluded.
Warner Bros. Discovery officially put Discovery up for sale in October after receiving several unsolicited offers to buy it.
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