Netflix CEO Rejects Trump’s Demands Amid Major Media Merger Talks

Ted Sarandos dismisses Donald Trump’s call to fire Susan Rice as Netflix eyes Warner Bros. Discovery assets and criticizes the Paramount deal’s impact on the entertainment industry and consumers.

He included that the typical Netflix customer watches 7 flicks a month, while the average American just mosts likely to the flicks two times a year– arguing that Netflix urges a “much better, much deeper, richer connection” with film.

Trump’s Admonition and the Netflix Board

In a Truth Social post late Saturday, Trump implied there can be problem in advance for the Netflix-WBD tie-up if Rice– that served in top policy positions under the Biden and Obama managements– stays on Netflix’s board.

Paramount’s deal is the kind of “timeless straight media mergers that are constantly bad for consumers, always poor for creators,” Sarandos said– including that it can lower Hollywood’s five major studios to 4.

“If these companies assume that the Democrats, when they return in power, are mosting likely to, you recognize, play by the old policies, and, you understand, say, ‘Oh, don’t bother. We’ll forgive you for all the people you discharged, all the plans and principles you’ve breached, all, you know, the laws you have actually skirted.’ I think they’ve obtained one more thing coming,” she told Preet Bharara, former United States lawyer for the Southern Area of New York, throughout a podcast appearance recently.

Concerns Over Media Consolidation

Netflix’s co-CEO Ted Sarandos swept aside President Trump’s need to fire ex-Biden main Susan Rice from the banner’s board– an admonition that came as Netflix has been seeking to acquire key parts of Detector Bros.

The business likewise claimed that a Paramount representative had suggested the company was willing to up its deal to $31 a share if Detector participated in purposeful offer talks– after previously charging the firm of not providing PSKY a fair adjustment against Netflix.

The Battle for Streaming Dominance

Exploration. The world’s largest streaming solution has actually been looking to take control of Detector Bros. Discovery’s studio and streaming service, as a testimonial period of Paramount’s rival quote was slated to end right before midnight Tuesday.

He added that it “appears extremely odd to me, with the level of investment that we’re discussing,” that Paramount would suggest that those foreign governments would certainly have no impact over CNN and CBS’ insurance coverage.