Netflix v Paramount: Trump wades into Warner Bros battle – The Latest

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• 00:00

  This is The Guardian.

• 00:13

  I have to see what percentage of market they have.

• 00:15

  We have to see the Netflix percentage of market paramount.

• 00:19

  I mean, none of them are particularly great friends of mine.

• 00:22

  He said he'll be involved so we can assume that he and his shadow will really loom over this entire process.

• 00:29

  It is telling that both in Hollywood and in Washington there has been quite heavy resistance to a deal actually involving either side.

• 00:37

  How Donald Trump could be involved in a Hollywood multi-billion dollar bidding war and what it means for your TV viewing.

• 00:44

  From the Guardians Today in Focus, this is the latest with me, Lucy Hoff.

• 00:52

  Joining me is Callum Jones, Deputy Business Editor at The Guardian.

• 00:56

  Hi Callum, nice to have you with us.

• 00:57

  Hi, nice to be here.

• 00:58

  So Callum,

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  let's look at what happened just before the weekend when one of the biggest deals in Hollywood history really looked

• 01:05

  like it was on the brink of being wrapped up.

• 01:08

  Netflix had agreed to spend over 80 billion US dollars to buy Warner Brothers Discovery,

• 01:15

  which owns Warner Brothers Studios,

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  which owns so much of what we watch and love on TV,

• 01:20

  friends, Game of Thrones, HBO Max and Succession, etc.

• 01:25

  But the picture's now much more complicated.

• 01:27

  There's been a hostile bid to last night.

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