The president's comments are notable because the proposed deal with Netflix would not include cable channels owned by Warner Bros. Discovery.

Netflix’s bid to buy Warner Bros. Streaming & Studios for $82.7 billion has become a defining test of power in modern entertainment, pitting a dominant digital platform against a weakening cable-based legacy while regulators,

Netflix has announced plans to acquire Warner Bros., combining major streaming and film assets while facing regulatory scrutiny.

In a historic moment, Netflix has agreed to buy Warner Bros. Discovery's movie, television and streaming assets, valued at $82.7 billion. NBC News' Chloe Melas reports on what could happen next in one of the most consequential mergers in Hollywood history.

There are more questions than answers about how ownership from a streaming giant would change things for Warner Bros.