In a surprise move, former US President Donald Trump has weighed into the ongoing dispute between Netflix and Paramount over the streaming rights to Warner Bros content.
The feud began after it emerged that Paramount had acquired exclusive streaming rights to Warner Bros movies for its new streaming platform, Paramount+. This deal is reportedly worth $440 million per year. However, it sparked allegations of anti-competitive behavior by Paramount, with some claiming that Netflix was being unfairly excluded from accessing Warner Bros' vast library.
Trump has now entered the fray, telling Fox News that Netflix had "made a huge mistake" in not taking up an offer to partner with Paramount on the streaming deal. He claimed that this move would have helped both companies and stated that he knew more about deals than most people do about 'em.
Critics of Trump's involvement argue that his comments are driven by a desire for publicity rather than any genuine interest in resolving the dispute. The former president has a history of using his Twitter platform to express opinions on various issues, including media companies.
As the situation continues to unfold, it remains to be seen how this development will impact the ongoing battle between Netflix and Paramount over Warner Bros content.
The feud began after it emerged that Paramount had acquired exclusive streaming rights to Warner Bros movies for its new streaming platform, Paramount+. This deal is reportedly worth $440 million per year. However, it sparked allegations of anti-competitive behavior by Paramount, with some claiming that Netflix was being unfairly excluded from accessing Warner Bros' vast library.
Trump has now entered the fray, telling Fox News that Netflix had "made a huge mistake" in not taking up an offer to partner with Paramount on the streaming deal. He claimed that this move would have helped both companies and stated that he knew more about deals than most people do about 'em.
Critics of Trump's involvement argue that his comments are driven by a desire for publicity rather than any genuine interest in resolving the dispute. The former president has a history of using his Twitter platform to express opinions on various issues, including media companies.
As the situation continues to unfold, it remains to be seen how this development will impact the ongoing battle between Netflix and Paramount over Warner Bros content.