Netflix says ‘not interested in acquiring linear assets’

Netflix said in its quarterly letter to investors: “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’s why continuing to improve our entertainment offering is so important, and as many of our competitors cut back on their content spend, we continue to invest in our slate. In FY24, we expect a high single digit percentage year over year increase in content amortization. If we continue to execute well and drive continuous improvement – with a better slate, easier discovery and more fandom – while establishing ourselves in new areas like advertising and games, we believe we have a lot more room to grow.”