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Donald Trump has warned there could be competition problems around Netflix’s $83bn (£62bn) deal to buy Warner Brothers’ movie studio and streaming networks.

The US president, speaking at an event in Washington DC on Sunday, confirmed he would be involved personally in the decision about whether the government would approve the takeover.

“Much attention has been given to Trump’s friendship with Larry Ellison, whose son David had previously spearheaded a deal for Paramount Skydance to buy Warner Bros, which was unsuccessful. There is a lot of talk that Trump seemed to support such a deal at the time, so the president opposing the Netflix acquisition would be double standards.

“Fundamentally, Trump wants to bring some pizzazz back to Hollywood. He wants to resurrect the glitz and glamour of the US film industry, whose star has faded as more productions are made overseas thanks to tax incentives and cheaper costs.