NBCU spin off unlikely to be acquired by any major streamer

Since news of the spin off released yesterday, the media has been speculating that the industry will go through another period of consolidation. But looking at it on a case by case basis, I find it unlikely that another streamer will try to acquire the NBCU spin off.

Paramount is busy swallowing WBD. Disney is still recovering from the stock hit from buying and integrating 21st Century Fox. Netflix faced way too much antitrust heat and an ongoing stock crash from trying to buy WBD. Its stock dropped some more on news it was interested in Roku and then Lionsgate. Amazon would rather spend the $50bn+ on data center capex. Apple doesn’t buy anything big.

That only leaves unusual or hard-to-guess buyers.