Approximately $500,000 worth of Warner Bros. and Netflix bonds were purchased by President Donald Trump. Within two weeks of the two corporations’ agreement, Netflix will purchase WB’s studios and streaming operations.
Trump purchased Netflix debt instruments for between $250,001 and $500,000 on two separate days, December 12 and December 16, as reported on a financial disclosure form made public by the White House on Friday.
He also purchased the same variety of bonds for Discovery Communications, a WBD subsidiary. Transactions from mid-November to late December were included in the Trump accounting records.
Netflix and WBD declared an enterprise deal valued at $82.7 billion on December 5. The streaming behemoth would purchase WB’s studios, including HBO and HBO Max, as well as its gaming division, under those conditions, but not any of WBD’s TV networks, which Warner Bros. would split off into a new company called Discovery Global. shareholders in the third quarter of 2026.
The majority of Trump’s purchases were municipal bonds from cities, nearby school systems, utilities, and hospitals, according to his financial records made public by the U.S. Office of Government Ethics. Additionally, he purchased bonds from companies such as SiriusXM, Boeing, GM, Macy’s, Occidental Petroleum, and Whirlpool, among others.
