Breaking News: Trump Warns of Potential Crisis in Netflix-Warner Bros Deal
US President Donald Trump has expressed concerns over Netflix's planned $72 billion deal to acquire Warner Brothers Discovery's movie studio and HBO streaming networks. The deal, reached on Friday, would bring popular franchises like Harry Potter and Game of Thrones to Netflix.
According to Trump, Netflix's large market share combined with the acquired assets "could be a problem". The planned acquisition has yet to be approved by competition authorities.
Netflix, launched in 1997 as a DVD rental business, has grown to become the world's largest subscription streaming service. The deal would cement its number one position, adding global entertainment franchises like Looney Tunes, The Matrix, and Lord of the Rings to its platform.
The deal's approval is pending, and it remains unclear how Trump's concerns will impact the process. Warner Bros, Netflix, and the White House have been contacted for comment.
This is a developing story, and we will provide updates as more information becomes available.
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