Paramount (PSKY) may have won the battle for Warner Bros. Discovery (WBD), but President Donald Trump continues to bet on the financial stability of Netflix (NFLX), The Hollywood Reporter’s Alex Weprin writes. As Paramount sought to pry Warner Bros. away from the streaming giant, Trump was adding more Netflix bonds to his personal portfolio, financial disclosures released by the White House on Wednesday show. The disclosures show that President Trump bought between $600,000 and $1.25M worth of Netflix debt in January, adding to the $500,000 to $1M in Netflix bonds that he purchased in December, shortly after Netflix’s megadeal for Warner was announced, the author notes.
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