UBS Conference debates cord cutting and Netflix

MUMBAI: The opening day of the 38th annual UBS Global Media and Communications Conference was dominated by cord cutting and Netflix.

Investors taking part were concerned that pay TV subscribers may engage in ‘cord cutting‘ and exchange their cable bills for free or cheap TV content through the internet.

Netflix has been named as the prime driver of cord-cutting among consumers who ditch traditional cable and satellite subscription services to go with internet-based video services and the so-called ‘over the top‘ providers. The Los Gatos-based company has been making headlines with its series of licensing deals in the recent months. 
Time Warner CEO Jeff Bewkes expressed skepticism about Netflix‘s move of shifting its focus from physical distribution of DVDs through the mail to web streaming. He termed Netflix‘s willingness to pay $100,000 per episode for new TV shows airing this fall, as ‘a measly little offer‘ when compared to the hundreds of millions of dollars networks and cable TV operators pay for shows from their first airing right through to the DVD sales.

On the other hand, HDNet founder and CEO Mark Cuban said that "Netflix has done a phenomenal job" and has helped the content companies a lot. However, he predicted that cable and satellite operators will bring out their own web-streaming services by paying for added content rights, indicating that any cord cutting drift would be brief.  
Slingbox founder Blake Krikorian agreed with Cuban and said that the content companies can also do their bit by ensuring the unavailability of free content online and authentication of all web content that would make it available only to pay TV subscribers. He argued that Netflix and others "would never exist" if TV distributors would have met its consumer needs.

Time Warner Cable chairman, president and CEO Glenn Britt asserted that his team still "can‘t find any meaningful evidence of cord cutting...other than in very, very small numbers." He went on to term Netflix‘s online streaming service and other web offers as just a supplement to pay TV service and not a substitute because their content is "fairly thin" and "not that great."

Agreeing with Britt, CBS research chief David Poltrack said that the discussion on cord cutting was being "overblown."

Latest Reads
Pune Times joins hands with the Pune Police to launch the 'City Safe' app, as part of #MakeMyCitySafe initiative

Pune Times, city supplement of leading media house, The Times of India, has joined hands with Pune Police to support an initiative for women’s safety in the city. Pune Times has launched its campaign #MakeMyCitySafe as a big shout out to the youth of Pune to come together to make the city safer...

Technology Software Applications
HAL Robotics ropes in Navanit Samaiyar as board member and advisor

MUMBAI: HAL Robotics has roped in Navanit Samaiyar as its board member and advisor. Samaiyar has a record of setting up, scaling and transforming businesses across a very wide cross section of industries spanning from IT/ ITeS to steel, telecom, engineering goods, earthmoving machinery, logistics...

Technology Hardware Components
Republic TV launches Android app

MUMBAI: Republic TV is on a roll. From rocking the ratings chart in launch week itself to going international, the channel has added one more accomplishment to its kitty. The Republic TV Android app is now live.

Technology Software Applications
STB cos in India, China enhancing features, providing customised solutions, Technavio enlists top vendors

MUMBAI: The global STB market is characterised by intense competition as the market is saturated in developed countries. The market share of these players is declining because of the entry of new players. The STB companies are enhancing the features of STBs and providing customised solutions to...

Technology Hardware Set-top Boxes
India's PFT Clear Media ERP suite to help US' PBS content delivery

MUMBAI: Prime Focus Technologies (PFT), the technology arm of Prime Focus, announced that its CLEAR™ Media ERP Suite has been selected by Public Broadcasting Service (PBS) to enhance their Network Operations Center (NOC) ecosystem efficiencies and sustainability, with the objective of reducing...

Technology Software Applications
Broadcasters, OTTs to gain as Via adds xHE-AAC at special rate

MUMBAI: Via Licensing Corporation, a intellectual property solutions provider, has announced the upcoming availability of Extended High Efficiency AAC (xHE-AAC) as part of the Advanced Audio Coding (AAC) patent pool. The expanded patent pool licence will be available at no additional cost to...

Technology Software Applications
Tata Comm to deliver Motorsport videos on global devices

MUMBAI: Tata Communications will now deliver video content for viewers' all devices over its global network. The two have partnered to power the growth of the network’s internet television platforms.

Technology Software Applications
How to create live video content sans pros, convert radio broadcast into visual show

MUMBAI: ChyronHego will be showcasing its live production, automation solutions at Broadcast India show in Mumbai in mid-October.

Technology Software Applications
Sony renews IP licence deal with TiVo

MUMBAI: TiVo Corporation, a leader in entertainment technology and audience insights, has announced that Sony Corporation, a leader in consumer electronics, has renewed its multi-year intellectual property (IP) licence agreement. The license to TiVo’s patent portfolios covers all of Sony’s...

Technology Software Applications

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories