Hollywood has seen some big deals of late and more could be on the way. But count Netflix out for now, Hastings said.
Netflix hasn't done many acquisitions and doesn't plan to make any big ones in the future, CEO Reed Hastings said.hasn't made many acquisitions to date, and doesn't plan to go on a shopping spree now, CEO Reed Hastings said Tuesday.
The company still has plenty of room to grow by just focusing on developing new shows and movies and improving its service, he said. Hastings' comments follow some major Hollywood mergers, and come amid pressure on new player Apple to get in the game.That was the word from CEO Reed Hastings Tuesday on a webcast following the streaming media giant's. In its more than 20 years of existence, Netflix has only made a few minor acquisitions, he noted. It's not planning on changing its ways now and getting more active in the mergers-and-acquisition market, he said.
"I don't think investors have too much to worry about there," Hastings said. Netflix, he continued, has"no big appetite, no big need."
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