Gulte Movie News And Politics
Netflix recently announced it would buy Warner Bros, Discovery’s movie studio and HBO streaming networks. Negotiations on the deal and related aspects are currently underway. However, US President Donald Trump raised an objection to the deal, flagging some potential concerns.
Interestingly, Netflix plans to close the deal at $72bn (£54bn). Trump revealed that Netflix has a significant market share, and once the deal is finalized, the combined size could become a problem. Trump said that he will personally step in to check the process and details.
“That’s going to be for some economists to tell. But it is a big market share. There’s no question it could be a problem,” Donald Trump said,
Netflix has an undeniable market share. Trump says that when the deal goes through, Netflix’s share price will further increase, and he wants to monitor everything. Trump also revealed that he met Netflix’s co-CEO Ted Sarandos.
“He’s done one of the greatest jobs in the history of movies,” said Trump. Netflix wants to position itself as the big giant in the market, so that it tastes success in the “decades to come”.
As Netflix aims something big, their move is going to become controversial.
