The president's comments are notable because the proposed deal with Netflix wouldn't include cable channels owned by Warner Bros. Discovery, such as CNN and TNT.

Netflix' multi-billion dollar acquisition of Warner Bros. Discovery, announced Dec. 5, would propel Netflix to the top of the so-called "Big Three" of streaming services which includes Amazon Prime Vi...

Paramount said it has offered to pay $18bn extra in cash compared with Netflix’s offer, which values Warner at $27.25 a share using a mixture of cash and stock.