U.S. President Donald Trump weighed in Sunday on Netflix’s (NASDAQ:NFLX) proposed $72 billion acquisition of Warner Brothers Discovery’s (NASDAQ:WBD) film studio and HBO streaming business, suggesting the size of the combined company might draw scrutiny.
Speaking at an event in Washington, D.C., Trump pointed to Netflix’s already dominant position in entertainment and noted that expanding its market footprint “could be a problem.”
He added, “That’s going to be for some economists to tell…. But it is a big market share. There’s no question it could be a problem.”
Trump stopped short of saying whether he would support regulatory approval of the acquisition.
The deal, announced Friday, would bring top-tier franchises such as Harry Potter and Game of Thrones under Netflix’s umbrella, creating a major force within the global media landscape. The transaction is subject to antitrust review and has already sparked concern among industry groups and competitors.