![]() We continue to offer a free 2-week trial of WrapPRO. If you’ve been wanting to check out our full coverage, now’s the time.Greetings!Netflix kicked off earnings season Tuesday and co-CEO Ted Sarandos got things going with a line that subtly indicated the company was open to making a deal with Warner Bros. Discovery — or at least part of it. “We focus on profitable growth and reinvesting in our business, both organically and through selective M&A,” Sarandos said on its investor video call, with an emphasis on selective M&A for effect. The comments come on the heels of Warner Bros. Discovery effectively putting itself up for sale today. A key part of the announcement is a willingness to sell the parts of the company — specifically the highly coveted Warner Bros. side with its stash of valuable IP — that likely have more companies interested. Sarandos took a markedly different tack than his co-CEO, Greg Peters, who earlier this month threw shade at big media mergers after word had gotten out that Paramount was seeking to buy all of WBD. “One should have a reasonable amount of skepticism around big media mergers — they don’t have an amazing track record over the history of time,” Peters said at a media conference. And he's right. As Tom Lowry will explain in tomorrow's analysis, "mergers have not been kind to the company that started out as Warner Brothers in 1923." Beyond this new shift, the industry faces a lot of structural challenges at the start of earnings season. Between the rise of artificial intelligence, M&A chatter and regulatory meddling, there are a lot of questions that need answers. Lucas Manfredi lays out some of the biggest in his earnings preview:
It's going to be a busy earnings season! Roger Cheng ![]() Netflix's third-quarter earnings missed Wall Street expectations, sullying a period of strong revenue growth driven by pricing, subscriber and ad revenue growth... ![]() To continue reading, subscribe now with a 2-week free trial.Free for 14 Days – Then Just $4/Week ![]() Free for 14 days, then $4/week (billed annual at $199). Renews yearly. Cancel anytime to avoid future charges. |