President Donald Trump on Sunday confirmed he recently met with Netflix co-CEO Ted Sarandos at the White House to discuss the Warner Bros. Discovery deal — and said the market share of a combined Netflix with WB and HBO Max “could be a problem.

The deal would unite two of the biggest players in entertainment and potentially transform the media business.

According to Netflix's official press release on Dec. 5, Warner Bros. will separate its Discovery and other traditional cable assets into a new, publicly traded company called Discovery Global. The separation is set to complete in Q3 2026, prior to the closing of the Warner Bros. Streaming acquisition, per NPR's reporting.

"Anora" director Sean Baker, who is at the Red Sea Film Festival as the head of the international jury, commented on the industry's most burning current topic while speaking at the Jeddah-based event: Netflix agreeing to buy Warner Bros.