Netflix Uninterested in Acquiring Linear TV Assets Despite Industry Consolidation

Streaming giant reports record annual results and announces partnership with WWE for live streaming of Raw from 2025.

Netflix has stated in its latest earnings report that it is not interested in acquiring linear assets, which are traditional television formats with set programming schedules.
The streaming giant expects more consolidation in the entertainment industry, especially among companies with large and declining linear networks, but does not believe that this will materially change the competitive environment.
Despite the disinterest in linear assets, Netflix acknowledges the high competition in the industry due to the popularity of franchises and programming expertise among traditional companies, and the investments from tech players like YouTube, Amazon, and Apple.
Netflix reported record annual results in its earnings report, with a revenue of $33.7 billion last year, marking the highest top-line annual results in the company's history.
Netflix has also announced a partnership with WWE, with the wrestling program Raw set to be streamed live on Netflix starting from 2025.