John Oliver, host of HBO’s Last Week Tonight, has voiced his concerns about the ongoing wave of media mergers, stating that he and his team have no intention of changing their approach, regardless of whether Netflix or Paramount acquires Warner Bros.

Speaking with Trevor Noah on a recent podcast, Oliver remarked, “I think mergers are generally bad. You’re always hoping for the least bad option.” He emphasized that his team will continue to operate with confidence, saying, “I will act assuming nothing is going to happen. We’re not going to change, right?”

Oliver added, “We’ve been behaving the way we’ve been behaving for long enough that you can’t really reason with us, so there’s no point doing that.”

He also pointed out that HBO has already changed ownership twice since he began hosting the show—first with Time Warner’s sale to AT&T, and then with WarnerMedia’s transition to Warner Bros. Discovery. “These things come with cuts,” Oliver noted, expressing skepticism about the broader state of the media industry and questioning the necessity of such deals.

“There are going to be question marks on all of this, right? Because it’s very hard to justify this legally,” Oliver said. “Now, whether that makes it impossible for it to happen, that’s an open question.”

Currently, Netflix has a signed deal for Warner Bros., while Paramount is considering a hostile bid. Both companies could face significant regulatory scrutiny in the U.S. and Europe, though Paramount has suggested it may have an easier path forward.

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