Trump Snaps Up Netflix Debt While Paramount Battles for Warner Bros.

Paramount may have secured Warner Bros., but President Donald Trump is clearly keeping a close eye on Netflix. According to financial disclosures released by the White House on Wednesday, Trump added more Netflix debt to his personal portfolio in early 2026.

The filings show that in January, Trump purchased between $600,000 and $1.25 million in Netflix bonds. This adds to the $500,000 to $1 million in Netflix debt he bought in December, right after Netflix announced its massive deal to acquire Warner Bros. Discovery, which ultimately fell apart. The January purchases were made on the 2nd and 20th, with the disclosure signed by Trump on February 26, as reported by The Hollywood Reporter.

Trump also bought bonds from other companies, including SiriusXM, General Motors, Occidental, Boeing, and Coreweave, along with municipal bonds. Notably, this latest filing does not show any new purchases of Warner Bros. Discovery debt, unlike the December disclosure. His previous 2024 financial report also showed that he held a modest amount of Netflix stock.

A White House official told The Hollywood Reporter that these investments are managed independently. “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,” the official said.

Still, the timing of the Netflix debt purchases adds intrigue. Netflix had been in talks to acquire Warner Bros., and CEO Ted Sarandos had been scheduled to meet Trump and Chief of Staff Susie Wiles in Washington, D.C. However, the meeting was canceled last minute, and Netflix ultimately decided not to raise its bid for Warner Bros., ending the acquisition attempt. Axios reported that Trump and Sarandos connected by phone that evening after Netflix backed away.

Netflix walked away from the deal with a $2.8 billion break-up fee and an investment-grade credit rating, unlike Warner Bros. and Paramount. Meanwhile, Trump still has a small ongoing financial connection to Warner Bros., as his 2024 disclosure showed he received $333.31 in residuals for cameo appearances in Two Weeks Notice, Suddenly Susan, and The Fresh Prince of Bel-Air.

This latest round of Netflix bond purchases shows that even with Paramount’s victory in the Warner Bros. battle, Trump continues to bet on the streaming giant’s financial stability.

What do you think about Trump’s continued Netflix investments amid the Warners saga? Share your thoughts in the comments.