Ask the world’s biggest broadcasters what they think of Netflix, and they’ll tell you it just isn’t that great.
HBO is better than Netflix, Time Warner CEO Jeff Bewkes said at a cable conference in Amsterdam Thursday, adding that investors are overreacting to the possibility that consumers will abandon TV to watch shows online video on demand. Executives from Liberty Global to ProSiebenSat.1 Media chimed in to say broadcasters’ traditional business still has room to grow, and their up-and- coming online offerings can compete.
“Netflix is good, but not that good,” Mr. Bewkes said. “The pessimism in the market about the sector is overdone — our industry will figure out how to take content and sell it on demand.”
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