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The streaming landscape is more like a confusing battlefield at times, and in the fog of war, clarity can be king. As other streamers seemingly break their Earthly bonds and grow tentacles stretching into theatrical distribution or full-blown studio mode, Netflix is holding the streaming line.
In a regular quarterly earnings call this week, the co-CEO seemingly put to bed rumors of a theatrical play and a studio acquisition.
Warner Bros. Discovery announced this week that it could be on the market, Paramount Skydance sent in a second bid, and speculation mounted that Netflix was in the game.
After the earnings call, the leaders took questions on an analyst call and told THR that they evaluate each opportunity on merit, and would move if there was additional value to be had. Regarding WBD, it seems like there is no interest:
“Nothing is a must for us to meet our goals that we have for this business… We’re predominantly focused on growing organically, investing aggressively and responsibly into the growth and returning access cash flow to shareholders.
We have also seen a wide range of outcomes from such mergers. So watching some of our competitors potentially get bigger via M&A does not change in and of itself, at least our view of the competitive landscape.
We’ve been very clear in the past that we have no interest in owning legacy media networks, so there is no change there. But in general, we believe that we can be and we will be choosy.”
Co-CEO Sarandos also closed down talk of a big theatrical play. While they do use short release windows to qualify for awards, he said their strategy remains the same – bias towards streaming and members/subscribers see exclusives.
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