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“There's no question about it,” Trump said, answering questions
about the deal and various other topics as he walked the red
carpet at the Kennedy Center Honors.
The Republican president said he will be involved in the
decision about whether the federal government should approve the
$72 billion deal. If approved by regulators, the merger would
put two of the world’s biggest streaming services under the same
ownership and join Warner’s television and motion picture
division, including DC Studios, with Netflix’s vast library and
its production arm.
The deal, which could reshape the entertainment industry, has to
“go through a process and we'll see what happens," Trump said.
“Netflix is a great company. They’ve done a phenomenal job. Ted
is a fantastic man,” he said of Netflix CEO Ted Sarandos, noting
that they met in the Oval Office last week before the deal was
announced Dec. 5. "I have a lot of respect for him but it’s a
lot of market share, so we’ll have to see what happens.”
Asked if Netflix should be allowed to buy the Hollywood giant
behind “Harry Potter” and HBO Max, the president said, “Well
that's the question.”
“They have a very big market share and when they have Warner
Bros., you know, that share goes up a lot so, I don’t know,” he
said. "I'll be involved in that decision, too. But they have a
very big market share”
Sarandos made no guarantees at their meeting about the merger if
it is approved, Trump said, adding that the CEO is a “great
person” who has “done one of the greatest jobs in the history of
movies and other things.”
He repeated that a merger would create a “big market share” for
the company.
“There’s no question about it. It could be a problem,” Trump
said.
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