Deadline·2025-10-21 21:52Core Viewpoint - Netflix co-CEO Greg Peters criticized large media mergers, asserting that they do not address the industry's challenges and that developing capabilities requires consistent effort rather than acquisitions [1][2]. Group 1: Industry M&A Landscape - Peters referenced past mergers such as Disney-Fox and Amazon-MGM, noting that these did not fundamentally alter the competitive landscape and resulted in varied outcomes [2]. - Warner Bros. Discovery has expressed interest from multiple parties regarding a deal for its studio and streaming assets, although initial offers were deemed too low [4]. Group 2: Netflix's Strategic Focus - Netflix emphasizes the importance of producing diverse content across genres and languages globally, integrating advanced technologies like AI, and enhancing customer experiences [3]. - Co-CEO Ted Sarandos clarified that Netflix remains uninterested in acquiring legacy media networks, focusing instead on evaluating M&A opportunities based on their potential to strengthen Netflix's entertainment offerings and align with existing strategies [5].