Comcast CEO Brian Roberts – “We Don’t Need M&a”

Comcast CEO Brian Roberts – “We Don’t Need M&a”
Comcast CEO Brian Roberts and NBC Universal chief Jeff Shell attempted once again to throw cold water on deal rumors and speculation that the entertainment business doesn’t have the scale to compete.

“We don’t need M&a,” Roberts said categorically on a call to discuss strong quarterly results driven by broadband and an NBCU recovery — which the execs said back them up.

“I really love the company we’ve got. I can’t imagine, really, a better quarter, an exceptional quarter, and I believe we have much more organic growth ahead. We have a unique company with content and distribution working so well together… We are investing in the business… We like the mix,” Roberts said.

Plans for Amazon to buy MGM and Discovery to merge with WarnerMedia along with what’s perceived as a content arms race in streaming have focused attention on NBCU, ViacomCBS, Lionsgate and
See full article at Deadline »

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