The US president said Netflix's market size "could be a problem" if the planned deal goes ahead.

"Anora" director Sean Baker, who is at the Red Sea Film Festival as the head of the international jury, commented on the industry's most burning current topic while speaking at the Jeddah-based event: Netflix agreeing to buy Warner Bros.

According to Netflix's official press release on Dec. 5, Warner Bros. will separate its Discovery and other traditional cable assets into a new, publicly traded company called Discovery Global. The separation is set to complete in Q3 2026, prior to the closing of the Warner Bros. Streaming acquisition, per NPR's reporting.