Netflix is often talked about a potential buyer for big Hollywood studios as the latest set of M&A rumors swirl but the streamer has now laid out its position in no uncertain terms. “We’re not interested in acquiring linear assets,” the company said in its fourth-quarter financials.
It comes as Netflix added 13M subscribers in the quarter, far higher than expected. The streamer also gave its perspective on the M&A talk that has dominated Hollywood over the last few months.
Essentially, it doesn’t believe that more consolidation will “change the competitive environment” given what has come before. “As our competitors adjust to these changes, it’s logical to expect further consolidation, particularly among companies with large and declining linear networks.
We’re not interested in acquiring linear assets. Nor do we believe that further M&A among traditional entertainment companies will materially change the competitive environment given all the consolidation that has already happened over the last decade,” it it noted in its results.
Read more on deadline.com
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