Ask the world’s biggest broadcasters what they think of Netflix Inc., and they’ll tell you it just isn’t that great.
Time Warner Inc. Chief Executive Officer Jeff Bewkes took the stage at a cable conference in Amsterdam Thursday to boast that his HBO is better than Netflix, saying investors are overreacting to the possibility that consumers will abandon television to watch shows online. Executives from Liberty Global Plc to ProSiebenSat.1 Media SE 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,” 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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