A massive development is unfolding that will completely shift the balance of power in the media and entertainment world. Netflix’s $82.7 billion deal to acquire Warner Bros. has become the most talked-about topic in the industry. However, this massive merger requires approval from federal regulators, and the process involves some rather intriguing details.

Behind the scenes of the mega-deal: Netflix, Warner Bros., and the Trump meeting

Initially, Paramount was thought to be the favorite to acquire the storied film studio. CEO David Ellison’s strong connections to the Trump administration were cited as the primary reason. However, new reports from Bloomberg and The Hollywood Reporter suggest that the situation has shifted. Netflix Co-CEO Ted Sarandos reportedly held a private meeting with President Donald Trump in November.

During this critical meeting, Trump reportedly stated that Warner Bros. should be sold to the highest bidder. Following the meeting, the Netflix executive reportedly left convinced that the President wouldn’t immediately oppose the acquisition. This situation appears to have alleviated concerns about regulatory approval.

On the other side of the argument is Warner Bros. CEO David Zaslav. Reports indicate that Zaslav was actually quite reluctant to sell the company. Paramount’s announcement of its intention to buy surprised him, as he had hoped to wait at least until the studio’s plan to separate its film and streaming divisions from its cable network was finalized.

Ultimately, Warner Bros. considered other offers, and Netflix emerged as the winner in the resulting competitive process. However, the situation hasn’t completely calmed; the possibility of Paramount re-entering with a hostile bid is still being discussed.

So, what are your thoughts on this massive acquisition? How would Netflix’s ownership of Warner Bros. content affect your viewing habits? We welcome your comments.