Comcast's Roberts sees Netflix as a friend and a foe

Is Netflix (NASDAQ:NFLX) a friend or foe? That's one question Comcast (NASDAQ:CMSA) CEO Brian Roberts is getting used to hearing. And, just like everyone else in the industry, he's got a multi-part answer for the impact the video distribution company has on his business.

On the one hand, Netflix's streaming is good for the MSO's broadband business. It also has an upside as a content outlet for NBCUniversal, which Comcast recently bought. The two currently are negotiating a distribution deal.

But, of course, there is potential for a negative impact as well, if, and as Roberts says "the jury is out" on this one, Netflix really is causing subscribers to cut the cord to their cable TV service.

Although Netflix may be a threat to Comcast's subscriber base, it likely is more of a worry to companies that rely on add-on services for revenue, like Time Warner's HBO.

For more:
- see this Wall Street Journal article

Related articles:
Netflix, younger audience keeps cord-cutting debate hot
Netflix ranks Charter, Comcast as top performing ISPs
Following on Netflix's heels, Hulu closes deal to stream Miramax films
Study: Netflix makes up nearly one third of downstream Internet traffic, up 44%

Suggested Articles

When Comcast earlier this year launched its new Xfinity Flex product, it carried a $5-per-month cost for broadband-only subscribers. Now the company is giving…

Subscription video streaming services are increasing their share of the money consumers spend each year on internet TV and movies.

Facebook just released a batch of new updated features for its video platforms across live, Watch Party and Creator Studio.