Ted Sarandos, co-CEO at Netflix, reported during his keynote at the international media event Banff World Media Festival, held in Canada, that the company does not deny the possibility of acquiring others, and, this way joining the trend that is taking place in the market, following mergers such as Disney-Fox, Amazon-MGM, Televisa-Univision and the recently announced WarnerMedia-Discovery.
‘Historically we have been more builders than buyers. We have built an impressive library of content from scratch in recent years. But we are certainly open to acquisitions’, reported Sarandos. ‘If the asset is at the strategic core, media buying can be very successful. Generally, that is not known until a certain time’, the executive added.
Sarandos also reported that from the company they are awaiting how the acquisition of MGM by Amazon is developed, which, from his point of view, ‘may be beneficial’ for Jeff Bezos OTT, one of Netflix’s main competitors. in the market. The transaction took place at the end of May, for a total of USD 8.45 billion.
Although Netflix has not developed a company acquisition policy recently, in August 2017 the company acquired the comic publisher Millarworld, with the aim of bringing life to its comics catalog through the development of films, series and children’s programs for Netflix subscribers globally. In turn, according to the latest quarterly results report of the company (Q1 2021), Netflix slowed its global subscribers base growth, and, in Latin America, it added 357 thousand during the first three months of the year.