In November, Ted Sarandos, Netflix’s co-CEO made a trip to the White House for a lengthy meeting with Donald Trump. According to Bloomberg, the two discussed a number of topics, but chief among them was Netflix’s plan to bid on Warner Bros. At the end of their conversation, Sardonos felt that “Netflix wouldn’t face immediate opposition from the White House.”
This week, Netflix successfully won the bidding war for Warner, offering $82.7 billion. It’s well known that Paramount and its CEO David Ellison were eager to acquire the storied studio and its streaming assets. Ellison and his father, Larry Ellison, have close ties to the White House, and as part of their pitch to Warner, suggested that only they were in a position to overcome the regulatory hurdles of further media consolidation.
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