Netflix bosses said Tuesday that consolidation in the media sector hasn’t impacted its growth and that the streamer doesn’t see any ‘must have’ deals to jump on in the midst of an industry M&A frenzy, although it looks at everything.In a letter to shareholders at the release of its mixed second-quarter earnings report, founder-CEO Reed Hastings said the planned combination of Warner Media Group and Discovery and Amazon’s pending acquisition of MGM “are examples of the ongoing industry consolidation as firms adapt to a world where streaming supplants linear TV.
The industry has consolidated materially over the years (Time Warner/AT&T, Viacom/CBS, Discovery/Scripps, Disney/Fox, Comcast/NBCU/Sky, etc.) and we don’t believe this consolidation
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