Tuesday, December 14, 2010

Time Warner Takes a Shot at Netflix - NYTimes.com

Far from clear who will get the last laugh in this context

Now many of the companies that make the shows and movies that Netflix delivers to mailboxes, computer screens and televisions — companies whose stocks have not enjoyed the same frothy rise, and whose chief executives have not won the same accolades — are pushing back, arguing that the company is overhyped, and vowing to charge much more to license their content.

“It’s a little bit like, is the Albanian army going to take over the world?” said Jeffrey L. Bewkes, the chief executive of Time Warner, in an interview last week. “I don’t think so.”

Time Warner Takes a Shot at Netflix - NYTimes.com

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