Trump Bought Up to $1.25 Million in Netflix Bonds Amid WB M&A Battle

Mar 5, 2026 7:36am PT Trump Bought More Netflix Bonds in January Amid M&A Battle for Warner Bros. By Todd Spangler Plus Icon Todd Spangler NY Digital Editor xpangler Latest Webtoon Entertainment Promotes Yongsoo Kim to President, Leading Global Operations 2 hours ago Netflix, After Walking Away From Warner Bros. Deal, Will ‘Move Forward’ With ‘$2.8 Billion in Our Pocket That We Didn’t Have a Few Weeks Ago,’ CFO Says 17 hours ago Audible Unveils Nonfiction Podcast Slate Incorporating Wondery Productions, Featuring OnlyFans Investigative Series, New Seasons of ‘Dr. Death’ and ‘Over My Dead Body,’ and More 1 day ago See All Getty Images President Donald Trump added more Netflix debt securities to his personal financial portfolio in January, buying up to $1.25 million in the company’s bonds. The purchases came as Netflix was in the midst of fighting to win a deal for Warner Bros. Discovery’s streaming and studios businesses — which it ultimately lost to David Ellison’s Paramount Skydance last week. Trump made two purchases of Netflix bonds in January: One on Jan. 2, valued between $500,000 and $1 million, and the other on Jan. 20, valued between $100,00 to $250,000. The transactions were disclosed in a financial disclosure form the White House released March 4. Popular on Variety Related Stories Radial Entertainment Acquires 'FBI Files,' 'The New Detectives,' 'A Haunting' Series in New Dominion Pictures Library Deal In December, Trump acquired at least $500,000 worth of bonds in both Netflix and Warner Bros. Discovery within the two weeks following the two companies’ deal. In general, it’s not illegal for the U.S. president or other elected representatives to buy stocks or bonds, as long as they don’t run afoul of insider-trading laws. However, such deals may raise ethical questions if such transactions involve companies subject to federal policy or oversight by the White House. According to the White House, Trump’s financial portfolio is independently managed by third-party financial institutions and that “neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold. All investment decisions are made entirely by independent managers.” Jump to Comments Shekhar Kapur, Oliver Jackson-Cohen Among Attachments to Jump Street’s Jewish Australian Screen Fund 2026 Slate; Inaugural Fellowship Launched (EXCLUSIVE) How to Watch the 2026 Unrivaled Championship Live Online Without Cable for Free Padma Lakshmi on Building Her Own Cooking Competition After Being ‘Burnt Out’ by ‘Top Chef’: ‘I Didn’t Want to Go Back to Just Being Talent’ Jodie Sweetin Says Candace Cameron Bure ‘Does Her Thing and We Sit on Very Opposite Sides’ After Claim ‘Full House’ Co-Star ‘Has Gone a Bit Dave Chappelle-y’ ‘Twisted Yoga’ Director Discusses New Apple TV Docuseries: ‘So Much of It Is About Sexuality and Sex as a Road To Spiritual Enlightenment’ – Trailer (EXCLUSIVE) Britney Spears Arrested for DUI JavaScript is required to load the comments. Loading comments...