Overview
- President Trump urged Netflix on Truth Social to fire director Susan Rice or “pay the consequences,” without specifying what actions he might take.
- Ted Sarandos said the pursuit of Warner Bros. Discovery is “a business deal, not a political deal,” emphasizing oversight by the Justice Department and global regulators.
- Sarandos framed Netflix’s offer as a vertical merger focused on growth and reiterated theatrical commitments, contrasting it with Paramount Skydance’s planned cost cuts.
- Paramount Skydance has until late Monday to deliver a best‑and‑final bid for all of WBD, while Netflix holds a signed offer of about $83 billion for studio and streaming assets and a right to match.
- Netflix shares fell on Monday as investors weighed the presidential intervention and ongoing antitrust scrutiny of the proposed transaction.