Cuban mocks cord cutting, Britt dismisses Netflix at UBS investor conference

Cable TV is not nearly as threatened by the likes of over-the-top providers as some might think, according to executives who had their say UBS Stamfordat the UBS 38th Annual Global Media and Communications Conference in New York City, which takes place through Wednesday, Dec. 8.

Even Netflix (Nasdaq: NFLX), which is dominating headlines and potentially customer dollars, is only a "nice complementary service" to cable and satellite, said Mark Cuban, CEO of HDNET. "When cable and satellite companies pay for better online experiences it will be Net-who."

Time Warner Cable (NYSE: TWC-WI) President-CEO Glenn Britt said Netflix is not competitive because "the content isn't that great" and that TWC is developing its own video service and navigation tools that will duplicate and nullify what Netflix and other OTT providers offer. "We think there should be a Time Warner Cable widget that shows up," he said.

For more:
- see this story
- and this story
- and this UBS release

Related articles:
Charter's Lovett: Good customer service will save cable
Netflix signs FilmDistrict first-run distribution deal
ESPN study takes a swing at cable cord cutters
Cord cutting just a part of American cost cutting, survey says

Suggested Articles

Viamedia, a local video and digital advertising platform, said that its ongoing antitrust lawsuit against Comcast appears to be heading to trial.

Altice USA has struck a deal with Apple that will allow its video subscribers to buy an Apple TV 4K device from the provider and access Altice One.

WOW! is offering its broadband customers in Charleston access to Sling TV, fuboTV, YouTube TV and Philo.