said the planned combination of Warner Media Group and Discovery and Amazon’s pending acquisition of MGM “are examples of the ongoing industry consolidation as firms adapt to a world where streaming supplants linear TV. The industry has consolidated materially over the years and we don’t believe this consolidation has affected our growth much, if at all.
Netflix unlike others in entertainment and tech has done really done only one acquisition of any significance, buying comic book publisher Millarworld — home of Kick-Ass, Kingsman and Old Man Logan — in 2017. Hastings also noted as he has in the past that “in the race to entertain consumers around the world, we continue to compete for screen time with a broad set of firms like YouTube, Epic Games and TikTok . But, we are mostly competing with ourselves to improve our service as fast as we can. If we can do that, we’re confident we can maintain our strong position and continue to grow nicely as we have been over the past two-plus decades.
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