Netflix Co-Chief Greg Peters Says Warner Bros. Discovery Acquisition Bid Is Unlikely: “Big Media Mergers Don’t Have A Great Track Record”

DeadlineThursday, October 9, 2025 at 2:58:03 AM
Netflix Co-Chief Greg Peters Says Warner Bros. Discovery Acquisition Bid Is Unlikely: “Big Media Mergers Don’t Have A Great Track Record”
Netflix Co-CEO Greg Peters has dismissed rumors about the company potentially bidding for Warner Bros. Discovery, emphasizing that Netflix prefers to build rather than buy. Speaking at the Bloomberg Screentime conference in Los Angeles, Peters highlighted the skepticism surrounding large media mergers, suggesting that they often do not yield positive outcomes. This statement is significant as it reflects Netflix's strategic focus and the broader challenges in the media industry, where consolidation attempts have frequently faced hurdles.
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