Trump says Netflix deal to buy Warner Bros. 'could be a problem' because of size of market share

President Donald Trump said Sunday that a woody struck by Netflix to bargain Warner Bros. Discovery "could beryllium a problem" due to the fact that of the size of the combined marketplace share.

"There's nary question astir it," Trump said, answering questions astir the woody and assorted different topics arsenic helium walked the reddish carpet astatine the Kennedy Center Honors.

The Republican president said helium volition beryllium progressive successful the determination astir whether the national authorities should o.k. the $72 cardinal deal. If approved by regulators, the merger would enactment 2 of the world's biggest streaming services nether the aforesaid ownership and articulation Warner's tv and question representation division, including DC Studios, with Netflix's immense room and its accumulation arm.

The deal, which could reshape the amusement industry, has to "go done a process and we'll spot what happens," Trump said.

"Netflix is simply a large company. They've done a phenomenal job. Ted is simply a fantastic man," helium said of Netflix CEO Ted Sarandos, noting that they met successful the Oval Office past week earlier the woody was announced Dec. 5. "I person a batch of respect for him but it's a batch of marketplace share, truthful we'll person to spot what happens."

Asked if Netflix should beryllium allowed to bargain the Hollywood elephantine down "Harry Potter" and HBO Max, the president said, "Well that's the question."

"They person a precise large marketplace stock and erstwhile they person Warner Bros., you know, that stock goes up a batch so, I don't know," helium said. "I'll beryllium progressive successful that decision, too. But they person a precise large marketplace share"

Sarandos made nary guarantees astatine their gathering astir the merger if it is approved, Trump said, adding that the CEO is simply a "great person" who has "done 1 of the top jobs successful the past of movies and different things."

He repeated that a merger would make a "big marketplace share" for the company.

"There's nary question astir it. It could beryllium a problem," Trump said.