At the Bloomberg Screentime conference in Los Angeles, Netflix co-CEO Greg Peters addressed speculation about the company's interest in acquiring Warner Bros. Discovery. He emphasized that large media mergers often don't yield positive results, suggesting that Netflix is not looking to expand through major acquisitions. This statement is significant as it reflects Netflix's cautious approach in a rapidly changing media landscape, where consolidation has been a common trend.

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.