Trump Issues Warning to Netflix Over Susan Rice Board Position
Former US President Donald Trump has publicly demanded that Netflix remove Susan Rice, a prominent Democratic foreign policy expert, from its board of directors or "face the consequences." This intervention comes as Netflix is embroiled in a high-stakes corporate battle to acquire Warner Bros Discovery (WBD), a move that could reshape the entertainment landscape.
Trump's Social Media Outburst Targets Rice
In a post on his Truth Social platform, Trump launched a scathing attack on Rice, who served as national security adviser under Barack Obama and held roles as UN ambassador and White House adviser under Joe Biden. He labeled her a "political hack" and questioned her qualifications, stating, "HER POWER IS GONE, AND WILL NEVER BE BACK. How much is she being paid, and for what???"
Rice currently sits on Netflix's nominating and governance committee, having rejoined the board in 2023 after an initial tenure from 2018 to 2020. Her recent comments on a podcast, where she suggested that entities showing loyalty to Trump might face accountability if Democrats regain power, appear to have triggered this response.
Takeover Battle Intensifies with Political Overtones
Trump's remarks add a political dimension to the ongoing takeover struggle between Netflix and Paramount Skydance for control of WBD. Just weeks earlier, Trump had indicated he would not involve himself in the deal, leaving it to the justice department. However, his latest intervention signals a shift, potentially influencing regulatory approvals required for any acquisition.
Netflix's proposed deal would grant it control over WBD's prized assets, including Warner Bros studios, known for franchises like Harry Potter and Batman, and HBO, home to hit series such as Game of Thrones. This consolidation has raised concerns among US politicians and industry figures about market dominance, with fears that the merged entity could control nearly half of the streaming market.
Broader Implications for Corporate Governance
The situation highlights the increasing intersection of politics and corporate governance in the US. Trump reposted a message from right-wing influencer Laura Loomer, who accused Rice and Netflix of being "anti-American" and threatening political retribution. This underscores the polarized climate surrounding media and business decisions.
As Paramount Skydance prepares its final offer to compete with Netflix's bid, backed by a personal guarantee from Oracle co-founder Larry Ellison, the outcome could have significant repercussions for the entertainment industry. Netflix has not yet commented on Trump's demands, leaving the future of Rice's board position uncertain amid this escalating controversy.
