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 at 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.
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