The planned meetings, which have yet to be reported, could include a face-to-face sit-down between CEO Ted Sarandos and President Trump.
The President didn't exactly weigh in on the Netflix-Warner Bros. Discovery deal over the weekend.
President Donald Trump said in a social media post Saturday that Netflix will “pay the consequences” if it doesn't fire Susan Rice, who has served as the company's board of directors since 2018.
After months of jabs and feints, the white gloves may have truly come off in Netflix and Paramount's multibillion-dollar battle for control of Warner Bros. Discovery.
President Donald Trump demanded that Netflix fire board member Susan Rice or "pay the consequences." Rice argued during a podcast last week that "it is not going to end well" for corporations, news organizations, and law firms that "bent the knee" to Trump, and that their deference is unpopular.
Netflix has underperformed the S&P 500 by a substantial margin since the company announced a 10-for-1 stock split last October, but most analysts think the stock is undervalued. The market is worried about Netflix's $83 billion bid to buy Warner Bros.
President's comments come as Netflix tries to win a deal, and antitrust approval, to buy Warner's studios and HBO streaming service
Netflix co-CEO Ted Sarandos accused director James Cameron of spreading misinformation about Netflix's proposed Warner Bros. Discovery acquisition after Cameron criticized the deal.
Netflix (NFLX) closed at $78.67 in the latest trading session, marking a +2.17% move from the prior day.
The biggest drama in Hollywood in recent months hasn't been on the silver screen but in the boardrooms of two of the most powerful companies in the industry.
If Netflix can't land WBD, it's NBD.
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) held an analyst briefing this week to make the case that its proposed merger with Warner Bros. Discovery has a cleaner regulatory path than the competing Paramount Skydance bid, deploying its chief global affairs officer and a senior antitrust lawyer from Skadden to push the argument.