Cable executives: Industry will outlast over-the-top competitors

Cable television has been through it before so it will be able to weather the latest hailstorm of over-the-top (OTT) competitors, Greg Maffei, CEO of Liberty Media said during the 38th Annual UBS Global Media and Communications Conference.

"This is just one more transition," Maffei said, predicting that the cable model still has "a lot of life."

Comcast (Nasdaq: CMCSA) Cable President Neil Smit agreed and took it one step further; cable will survive by collaborating with its so-called competition. "They can coexist," Smit said during a luncheon Q&A at the conference. "People want to access their content online or stream it, that's fine with us. That's one of the reasons we put out Xfinity TV, the dotcom site."

For more:
- Multichannel News has this story

Related articles:
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Over-the-top online video's Siren song for cable and IPTV operators
Over the top access starting to worry pay-TV providers as it gets better
Cable TV industry is dead, long live over the top

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