After Warner Bros. Discovery said it has received acquisition overtures from “multiple parties,” top execs at Netflix were asked on their company’s earnings interview whether they see industry consolidation changing the competitive landscape — and if Netflix sees an opportunity to participate in any major M&A activity.

The upshot? Not really on either point.

“It’s true that, historically, we’ve been more builders than buyers, and we think we have plenty of runway for growth without fundamentally changing that playbook,” co-CEO Ted Sarandos said, responding to an analyst question about M&A in the context of Warner Bros. Discovery’s announcement earlier in the day. “Nothing is a must-have for us to meet our goals that we have for the business.”

Said Sarandos, “We’ve been very clear in

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