Netflix co-CEO discussed Warner Bros. deal with Trump

[ad_1] Will Netflix’s $82.7 billion deal to amass Warner Bros. get approval from federal regulators?

Whereas Paramount was assumed to be the frontrunner to amass the storied film studio because of CEO David Ellison’s connections to the Trump administration, new reporting in Bloomberg and The Hollywood Reporter means that Netflix co-CEO Ted Sarandos met with President Donald Trump to debate a possible deal in November.

Trump reportedly advised Sarandos that Warner Bros. ought to promote to the very best bidder, and the Netflix government appears to have left the assembly satisfied that the president wouldn't instantly oppose the acquisition.

After the preliminary tales in regards to the assembly appeared on Sunday, Trump confirmed that the assembly befell. As for his emotions in regards to the deal, he stated, “Netflix is a superb firm. They’ve performed an exceptional job. Ted is a improbable man. I've numerous respect for him. But it surely’s numerous market share, so we’ll need to see what occurs.”

Bloomberg additionally stories that Warner Bros. CEO David Zaslav was reluctant to promote the corporate and was stunned when Paramount started to discover an acquisition — if nothing else, he’d anticipated Ellison to attend till the studio accomplished a deliberate cut up of its film and streaming companies from its cable networks.

In the end, Warner Bros. stated it might take into account different bids, resulting in a aggressive course of that Netflix received — though Paramount may nonetheless maintain its hat within the ring with a hostile bid.