US President Donald Trump on Sunday raised concerns about the recent Hollywood deal that shook up the media landscape, Netflix acquisition of Warner Bros. The US president, speaking to the media while arriving for the Kennedy Center Honors awards ceremony on Sunday, said that the proposed multi-billion-dollar acquisition raised concerns about market dominance. The streaming service, he argued, already commands significant power in the sector. Netflix has “a very large market share” and “it could be a problem.” He further hinted that the White House would be tied to deal, “I’ll be involved in that decision.” These remarks come as federal authorities weigh whether the nearly $83 billion deal should be allowed to proceed amid pushback from within Hollywood, where the prospect of
Netflix–Warner Bros deal: Trump concerned over OTT giant's ‘large market share’; asserts he will be ‘involved’
The Times of India12/08
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