Donald Trump said on Sunday (7) that he will take part in the decision regarding Netflix’s purchase of Warner Bros. Discovery. The deal is expected to shake the entertainment industry in the U.S. and has raised concerns across multiple sectors.
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“This could be a problem,” said Donald Trump, according to Reuters. The agreement between the two entertainment giants was announced on Friday (5) and is valued at more than $70 billion.
To be finalized, the transaction must undergo a long and complex regulatory process.
In addition to Donald Trump, members of both the Democratic and Republican parties have expressed concerns about potential anti-competitive effects.
Senator Elizabeth Warren of the Democratic Party said the deal is an “antitrust nightmare.” She warned that the potential merger would create a media giant controlling nearly half of the streaming market.
Senator Mike Lee, chairman of the Antitrust Subcommittee of the Judiciary Committee, from the Republican Party (the same party as Donald Trump), stated that the agreement “would raise serious competition concerns.”
The purchase of Warner was also criticized by director James Cameron (“Avatar” and “Titanic”). He criticized the stance of Ted Sarandos, Netflix’s co-CEO, who previously said that theatrical releases were an “obsolete idea.”
The Writers Guild of America (WGA) stated that the acquisition should be “blocked,” as it would harm U.S. workers by lowering wages and worsening working conditions.
Photos: Wikimedia Commons. This content was created with the help of AI and reviewed by the editorial team.
