Trump questions Netflix’s $72bn Warner Bros deal over market dominance concerns
US President Donald Trump has signaled possible concerns about Netflix’s plan to acquire Warner Brothers Discovery’s movie studio and HBO streaming networks in a deal worth $72 billion. Speaking at an event in Washington DC, he noted that Netflix already holds a significant share of the market and suggested that combining the two companies “could be a problem.” Netflix and Warner Brothers announced on Friday that they had reached an agreement to bring major franchises such as Harry Potter and Game of Thrones under Netflix’s umbrella, a move that would reshape the global entertainment landscape. The deal still requires approval from competition regulators. The BBC has contacted Netflix, Warner Bros, and the White House for comment. Netflix, which began in 1997 as a DVD-by-mail service, has grown into the world’s largest subscription streaming platform. If approved, the merger would solidify […]
