Reported 1 day ago
Netflix co-CEO Ted Sarandos announced the company's decision to avoid media mergers and acquisitions in 2025, emphasizing that they excel at creating original content rather than buying existing properties. Despite engaging in minor intellectual property purchases, Sarandos highlighted Netflix's impressive performance, particularly during significant events like the recent Jake Paul-Mike Tyson fight. He noted that legacy media companies are struggling with the shift from cable to streaming, which has led to increasing consolidation talks in the industry.
Source: YAHOO