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Netflix: “We’re Not Interested In Acquiring Linear Assets”
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 …
Mario Tama/Getty Images 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. 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 (Viacom/CBS, AT&T/Time Warner, Disney/Fox, Time Warner/Discovery, etc.). But we expect our industry to remain highly competitive given: the franchise strength and programming expertise within traditional entertainment companies; ongoing heavy investment from large tech players like YouTube, Amazon and Apple; and broader competition for people’s time, including gaming and social media (TikTok, Instagram etc.
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