President Donald Trump said Sunday Netflix’s (NFLX) $72B deal for assets from Warner Bros, Discovery (WBD) will need government review, according to Bloomberg.
“Well, that’s got to go through a process, and we’ll see what happens,” Trump said when asked about the deal ahead of the Kennedy Center Honors, Bloomberg reported.
Netflix co-CEO Ted Sarandos “is a fantastic man, I have a lot of respect for him, but it’s a lot of market share.”
A combination of Netflix with HBO Max could capture a third of worldwide on-demand streaming consumption among Western audiences.