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Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Repair Windows errors before they cause bigger problemsFix Now →Netflix co-CEO Ted Sarandos said he spoke with President Donald Trump a couple of times after the 2024 election, and described the conversations as being about the movie business, American jobs and U.S. production. Those were Sarandos’s accounts of private discussions, not a public transcript. The later deal outcome is clear: Netflix did not raise its offer, and Paramount completed its acquisition of Warner Bros. Discovery on October 6, 2026.
What Sarandos said he discussed with Trump
In a January 16, 2026 interview reproduced in an SEC filing, Sarandos said he had spoken with Trump “a couple times since the election.” He characterized their conversations as focused on the film industry: “Every conversation I’ve had with him has been about the movie business and protecting American jobs and American production.” Sarandos also said, “What I’ve come to understand is he sees this as an important industry.” Read the interview filed with the SEC; the quoted remarks are reproduced in the filing’s interview exhibit.
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Those statements describe Sarandos’s view of the conversations. The sources do not provide an independently released transcript, so they do not establish the full content of what Trump and Sarandos said privately or whether the discussions affected the bidding.
Trump’s public remarks were a separate event
On December 7, 2025, Trump publicly commented on Netflix’s proposed Warner Bros. transaction. AP Archive’s transcript records him saying, “Well, that’s gotta go through a process and we’ll see what happens,” while praising Netflix and Sarandos and raising market-share concerns. That public response is not evidence of what was said in the private conversations Sarandos later described. AP Archive’s transcript was published December 13, 2025.
The February White House meeting was canceled
A scheduled White House meeting between Trump and Sarandos on February 26, 2026, did not take place. Axios reported that the meeting was canceled shortly after Sarandos arrived and that the two spoke by phone later that evening. The call came after Netflix had decided not to increase its offer; Axios attributed details of the call to people familiar with the matter, rather than to a released transcript. Axios’s account, published March 3, 2026, should be read separately from Sarandos’s January description of earlier conversations.
Why Netflix stopped bidding
Netflix had proposed buying Warner Bros.’ studio and streaming assets, rather than the entire Warner Bros. Discovery company. On February 26, Warner’s board said Paramount’s $31-per-share offer for all of Warner Bros. Discovery was superior. Netflix then declined to raise its bid, saying the price required to match the competing proposal was no longer financially attractive. The Associated Press reported the board decision and Netflix’s response.
The proposals differed in scope: Netflix pursued the studio and streaming business, while Paramount bid for the whole company. The $31-per-share figure describes Paramount’s offer as reported by AP; it should not be treated as directly comparable to a headline value for the overall takeover without matching the valuation basis.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Who owns Warner Bros. now?
Paramount completed its takeover of Warner Bros. Discovery on October 6, 2026. The combined company is known as Skydance, according to the Associated Press, which reported the transaction at a stated value of $81 billion. That figure is the reported value of the takeover, not the per-share offer figure cited during the bidding. AP’s October 7, 2026 report confirmed the closing.
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