Netflix Not Buying Legacy Media: Sticking to Its Path

Is Netflix about to buy Warner Bros. Discovery? Not so fast! Amidst rumors of a potential Warner Bros. Discovery breakup, Netflix CEO Ted Sarandos shut down speculation that they'd acquire any legacy media networks. Despite Warner Bros. Discovery exploring strategic alternatives and Netflix's own stock taking a hit after a disappointing earnings report, Netflix is focused on organic growth, not media acquisitions. They're staying out of the Hollywood merger frenzy and sticking to their own game plan.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.