Why there is no European Netflix
Europe already has 11,000 TV channels, and creating a Netflix competitor of similar scale would take years
29 May 2021 - 08:36
Between Amazon’s $8.5bn acquisition of MGM and WarnerMedia’s $130bn merger with Discovery, the recent rash of US media deal-making has surely left European entertainment moguls ruing what might have been.
For five years, Europe’s biggest media companies have been seeking deals for the same reason that industry consolidation is accelerating in the US: they need more heft to compete effectively with streaming services Netflix, Amazon Prime and Disney+...
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