President warns of growing influence in streaming
US President Donald Trump expresses concern about Netflix’s planned $72 billion acquisition of Warner Brothers Discovery. He tells an audience in Washington that Netflix already controls a significant share of the streaming market. He warns that merging the two companies could create serious competition challenges. On Friday, both firms announce an agreement to bring major Warner franchises, including Harry Potter and Game of Thrones, to Netflix. The deal still requires approval from regulators. Requests for comment to both companies and the White House go unanswered.
Netflix looks to expand its global reach
Netflix evolves from a DVD-by-mail service in 1997 into the world’s leading subscription streaming platform. The planned takeover is one of the largest industry moves in recent years. It would further cement Netflix’s dominant position. Under the deal, franchises like Looney Tunes, The Matrix, and The Lord of the Rings would shift to Netflix. Both companies expect the merger to close after Warner Bros completes a planned business split in the second half of 2026.
Regulators review potential antitrust concerns
The US Justice Department’s competition division may argue the merger breaches antitrust law if the combined company dominates the market. Trump says at the Kennedy Center that Netflix already holds a large market share, which would grow even further after the deal. He adds that he will personally be involved in the approval process.
Trump praises Netflix co-chief Sarandos
Trump notes that Netflix co-CEO Ted Sarandos recently visited the Oval Office and praises his leadership. He describes Sarandos as a respected figure who has achieved major success in modern film. Sarandos admits the deal may have surprised investors but positions Netflix for long-term growth.
Analysts highlight key structural differences
Media executive Blair Westlake says in a radio interview that the main antitrust concern comes from combining Netflix with HBO’s streaming business. He notes that Netflix produces less content than Warner’s studios and has a smaller library. Westlake expects regulators to approve the deal but anticipates concessions.
White House could influence the merger
Bill Kovacic, former chair of the Federal Trade Commission, says Trump’s remarks suggest the White House will play a central role in resolving merger issues. He warns that this could bring an unprecedented level of presidential involvement in a process that previously relied on technical review.
Netflix beats major competitors
Netflix outbids rivals, including Comcast and Paramount Skydance, to secure the Warner Bros agreement. Paramount Skydance previously tried to acquire the entire company, including its cable networks. Warner Bros rejects that offer and opens itself to new bids. David Ellison of Paramount Skydance receives support from his father, Larry Ellison, a close Trump ally.
Writers’ unions call for the merger to be blocked
The Writers Guild of America’s East and West branches urge regulators to stop the deal. They argue that the world’s largest streaming platform absorbing a major competitor undermines antitrust law. They warn the merger would cut jobs, lower wages, worsen conditions, raise prices for viewers, and reduce content variety and volume.
