Netflix CEO Ted Sarandos is formally responding to President Donald Trump's calls for the company to fire board member Susan Rice, a criticism that stems from Netflix's ongoing attempts to purchase Warner Bros. Discovery in a high-stakes industry standoff.
In response to Trump's comments, Sarandos said on BBC Radio 4's Today program, "He likes to do a lot of things on social media" (via Variety).
When asked for his thoughts on Trump's attempts to intervene in the purchase of Warner Bros. Discovery, Sarandos continued, "This is a business deal. It's not a political deal. This is deal is run by the Department of Justice in the U.S. and regulators throughout Europe and around the world."
Sarandos' interview comes a short time after Trump took to social media on Saturday, with the president urging Netflix to halt their attempts to acquire Warner Bros. Discovery, as well as for the company to terminate former Obama administration member Susan Rice.
"Netflix should fire racist Trump deranged Susan Rice immediately, or pay the consequences," Trump wrote of the current Netflix board member.
The standoff between Netflix and the Trump administrations arrives at a notably crucial time not just for the streaming provider, but for the entire entertainment industry as a whole.
Above all else, both industry personnel and international audiences have expressed concern over the impact Netflix's acquisition of the studio, potentially leading to a greater focus on streaming content over traditional theatrical releases.
Right now, Netflix is locked in a tight bidding war for Warner Bros. Discovery with their corporate rivals, Paramount. According to Sarandos' view, the studio would be altogether safer with its ownership attached to Netflix over Paramount, reasoning that Paramount's takeover could result in Hollywood's five major studios being reduced to four.
“You look at that and think, ‘Wow, this industry will be much smaller under that ownership than it would be under Netflix ownership,'” Sarandos observed.
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