00:00U.S. President Donald Trump has raised concerns over Netflix's planned $72 billion deal to buy
00:07Warner Brothers, warning the merger could create serious competition issues in the streaming
00:12market. He added that he would personally be involved if the deal reaches the Justice
00:19Department's competition division. Speaking in Washington, Trump said the combined market share
00:26of Netflix and Warner Brothers could be a problem. He stopped short of saying whether he supports or
00:32opposes the deal, noting economists would need to assess the competition risks. The proposed deal
00:39has already drawn criticism from industry groups, including the Writers Guild, which warns that
00:45allowing Netflix to absorb a major rival could reduce content diversity, eliminate jobs and push
00:52up prices for consumers. Netflix agreed on Friday to acquire Warner Brothers' TV, film and streaming
00:59assets, beating rivals including Comcast and Paramount. The deal would create one of the biggest
01:05media giants in decades, but now faces intense scrutiny from U.S. regulators over potential
01:12antitrust violations.
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