Trump thinks Netflix's Warner acquisition could have a problem

Hanno Labuschagne

Hanno Labuschagne

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Trump thinks Netflix's Warner acquisition could have a problem

US President Donald Trump raised potential antitrust concerns around Netflix’s planned $72 billion (R1.22 trillion) acquisition of Warner Bros. Discovery, noting that the market share of the combined entity may pose problems.

Trump’s comments, made as he arrived at the Kennedy Centre for an event on Sunday, may spur concerns that regulators will oppose the coupling of the world’s dominant streaming service with a Hollywood icon.

[Bloomberg]
 
In the thread about this takeover, everyone is crying about how bad it will be for DSTV and TV/Movies in general. "It is a terrible idea!!"

Trump voices his concerns and the goalpost shifting gets into full swing immediately...

This stuff just writes itself at this stage...

:popcorn::popcorn::popcorn:
 
Have to wonder how Trump would react if the Paramount plans to make a hostile move on this deal looks likely instead - also too big so no good?
This could go on for months, lol
 
TheMightyQuin said:
In the thread about this takeover, everyone is crying about how bad it will be for DSTV and TV/Movies in general. "It is a terrible idea!!"

Trump voices his concerns and the goalpost shifting gets into full swing immediately...

This stuff just writes itself at this stage...

:popcorn::popcorn::popcorn:
Click to expand...
I don't think it's a bad thing. All the Netflix, Discovery, HBO etc. stuff in one place without subscribing to 10 different things...
 
There's much more to this.


Netflix met with Trump
Netflix’s Sarandos met with Trump at the White House recently to lobby for the acquisition, Bloomberg reported earlier.

Netflix wasn’t any kind of all-powerful monopoly, the executive argued at that time, and had suffered its own subscriber losses a couple of years earlier, according to people familiar with the matter.
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Paramount in bed with Trump
By choosing Netflix, Warner Bros. jilted Paramount Skydance, a move that risks touching off a political battle in Washington.

Paramount is backed by the world’s second-richest man, Larry Ellison, and has touted longstanding ties to Trump.
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European involvement
European Union regulators are also likely to subject the Netflix proposal to an intensive review.

In the UK, the deal has already drawn scrutiny before the announcement, with House of Lords member Baroness Luciana Berger pressing the government on how the transaction would impact competition and consumer prices.
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Netflix responses
Even if antitrust reviews just focus on streaming, Netflix believes it will ultimately prevail, pointing to Amazon’s Prime and Walt Disney as other major competitors, according to people familiar with the company’s thinking.

Netflix is expected to argue that more than 75% of HBO Max subscribers already subscribe to Netflix, making them complementary offerings rather than competitors, said people familiar with the matter, who asked not to be named discussing confidential deliberations.
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Mike Hoxbig said:
I don't think it's a bad thing. All the Netflix, Discovery, HBO etc. stuff in one place without subscribing to 10 different things...
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Agree, but

(DStv losses for some aside)

Netflix's quality has apparently dropped a lot. So what prevents that behaviour reoccurring?
 
Brian_G said:
Agree, but

(DStv losses for some aside)

Netflix's quality has apparently dropped a lot. So what prevents that behaviour reoccurring?
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The fact that they would need to recover $70bn and then still become profitable?

If anything it was better when everything was originally on Netflix anyway, before everyone and their dog started a streaming service and fragmented the market...
 
I hear they will be creating a new Discovery documentary: Jan van Riebeeck or Jan for short:

Original image:
1765186104645.png


Netflix poster:
image.jpg
 
Mike Hoxbig said:
The fact that they would need to recover $70bn and then still become profitable?

If anything it was better when everything was originally on Netflix anyway, before everyone and their dog started a streaming service and fragmented the market...
Click to expand...

Makes sense.

I'm still worried longer term, that the same behaviour returns. The industry has already been producing too much shyte the last few years, and that even before the Covid influence.
 
Anything DJT does is tainted by his own greed and corruption. Basically a taller, lighter version of JZ.
 
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