Streaming Merger
Trump raises concerns about Netflix-Warner Bros. merger
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President Donald Trump has expressed mixed views on Netflix's proposed $83 billion acquisition of Warner Bros., praising co-CEO Ted Sarandos while warning that the deal could create excessive market share in streaming. The merger, announced last Friday, awaits regulatory scrutiny from the Justice Department and Federal Trade Commission. Trump confirmed a recent White House meeting with Sarandos and stated he will be involved in the approval process.
Netflix co-CEO Ted Sarandos will appear before a Senate committee next month to address antitrust concerns over the streamer's $83 billion acquisition of Warner Bros.' studios and streaming business. Warner Bros. Discovery's chief strategy officer Bruce Campbell will also testify at the February hearing. The session comes amid opposition from lawmakers and industry groups worried about market concentration and job losses.