It sure sounds like the Trump administration killed Netflix's bid for Warner Bros. 

It sure sounds like the Trump administration killed Netflix's bid for Warner Bros. 

Many have and will continue to speculate about the numerous greenlights and open doors Skydance CEO David Ellison hit as he acquired two of Hollywood’s oldest studios, Paramount and Warner Bros. in quick succession. Even putting aside the fact that a major financier of Paramount’s acquisition of WBD is Ellison’s father, Larry Ellison, one of the world’s wealthiest men, a major Trump donor, and a friend of the president, Skydance was quick to settle lawsuits, fire stars, and hire charlatans if it meant grabbing Paramount. That goodwill paid off when Trump’s FCC waved Ellison’s purchase of WBD through without much thought to antitrust law. One guy owning two-fifths of the major studios in town? That’s fine—no monopoly there. People were right to speculate, especially if they believe major WBD stockholder and media mogul John Malone, who, per Deadline, told the Paley Center for Media’s International Council Summit today, that the Trump administration warned Netflix it would put its thumb on the regulatory scale to block the streamer’s acquisition. 

“They were right on the verge of pressing on,” Malone said, “and were told by the administration that they had no chance of getting regulatory approval from the U.S. I think that that was really the spike that got him.”

It’s possible to feel unsurprised and also unsympathetic toward Netflix. The streamer triggered the Warner Bros. Discovery fire sale when it made its initial bid in October 2025. The initial offer opened the door to other bidders, including Ellison’s Paramount, which had already begun making closed-door overtures to former WBD CEO David Zaslav. The Trump administration even dragged Netflix co-CEO Ted Sarandos, who met with Trump before withdrawing his bid, in front of Congress in February to tell him Netflix was a “left wing company” with the “wokest content in the history of the world.” How quickly we forget the transphobic laughs from all those multi-million-dollar Dave Chappelle specials. We suppose that picture of Saradnos with comedy’s edgiest stars was all for naught. What’s the point of paying Tony Hinchcliffe if you can’t even beat the woke allegations? 

 
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