On Thursday, Netflix Inc.
(NASDAQ:NFLX) co-CEO Ted Sarandos reaffirmed the streaming giant's long-standing preference for building and partnering over large-scale acquisitions as speculation continues over potential deals involving Lionsgate Studios Corp.
(NYSE:LION), NBCUniversal and other media companies.
Ted Sarandos Addresses Acquisition Rumors During the company’s second-quarter earnings call, Netflix executives pushed back against ongoing speculation that it could pursue major acquisitions, with Sarandos reiterating that the company remains focused on organic growth rather than blockbuster takeovers.
Responding to an analyst's question about whether Netflix could acquire companies such as Lionsgate or NBCUniversal amid broader industry consolidation, Sarandos said the company has "multiple ways to achieve our goals," including "producing, licensing, partnering," while continually evaluating the most attractive opportunities.
