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News India Live, Digital Desk: If you are also fond of watching movies on Netflix with popcorn on weekends, then this news is very important for you. There is a bigger picture going on behind the scenes in the world of entertainment. news was coming that netflix And Warner Bros. discovery (Yes, the same Warner that makes films like Harry Potter and Batman) is going to make a big agreement or deal.
But, there has been a twist in the story. They have emerged as the villains—or should we say heroes—of this deal. Donald Trump,
Let us understand in simple language what problem Trump has with the friendship between Netflix and Warner and why he has called it a “problem”.
“So much power is not good”
Simply put, Trump feels that if two such big entertainment companies merge or merge, it could be dangerous for the market. Trump has recently expressed concern on his social media platform (Truth Social), saying that this deal may be “probably illegal”.
His argument is very clear – ‘Monopoly’. When one or two big companies together capture the entire market, competition ends. Trump believes that this will lead to the rule of a few people in the media industry, which is dangerous for both the public and democracy.
What effect will it have on us?
Now you might be thinking, “No matter what Trump says in America, my Netflix is still on, isn’t it?” Friends, this is not just about today. Imagine, if all the good films and shows come under one roof, then these companies will run as per their wish.
- Expensive Subscription: When there is no competitor left, subscription prices may increase.
- Less option: Right now you get different content in different places. Having one may leave you with fewer options to choose from.
Trump has said in gestures that the unity of such “media giants” is not good for the country. He has even indicated to “block” it.
Trump’s old ‘media’ love
This is not the first time that Trump has targeted media companies. He has always believed that big media houses together set the “narrative”. Warner Bros. Discovery also owns CNN, and we all know what the relationship between CNN and Trump has been like (the “fake news” adage comes to mind).
What will happen next?
Right now Trump has just given a warning. But since he is returning to power (or influence), US regulators could tear this deal to shreds. This means that the road ahead is not going to be easy for Netflix and Warner.
Overall, the “climax” is yet to come in Hollywood. What do you think on this? Is consolidation of big companies good or bad for us?
