Murdoch wants media to unite against Amazon and Netflix


NEW DELHI: Media magnate Rupert Murdoch has called for a cooperative media response to challenger streaming services Amazon and Netflix.

He said during a technology conference by his flagship Wall Street Journal at Laguna Beach that the media industry needs its own competitor to these giants.

?As an industry, we need a competitor ? a serious competitor ? to Netflix and Amazon,? Murdoch said and added, ?I think we are all on the same page.?

21st Century Fox, which he chairs, is one of the partners in Hulu, a rival to Netflix, alongside Disney and NBCUniversal. Last year, Hulu CEO Jason Kilar left abruptly for a new video startup, Vessel, backed by Amazon?s Jeff Bezos.

Talking of HBO?s new streaming service Murdoch said it would be difficult for HBO to launch a standalone service while negotiating with cable companies. ?They do not want to get into conflict with them, so they?re really only aiming at the moment at the 10 million people who don?t get cable.?

Murdoch briefly addressed 21st Century Fox's failed bid for Time Warner over the summer. "We felt that we needed more critical mass and content and this was a wonderful marriage and fit," he said. 

Given that the panel was entitled "Bets Won and Lost," the conversation turned to one of Murdoch's most notable failed investments, the $580 million purchase of MySpace that ended with the sale of the social media site for $35 million. The mogul reiterated, as he has many times, what happened.  

"We just messed it up," Murdoch recalled, saying that he helped install a layer of bureaucracy that hindered the growth of the site. "It was a series of expensive, lost opportunities." 

Latest Reads

ZEE5 Originals' content cost to be 3x more than TV: Punit Goenka

Zee Entertainment Enterprises Ltd’s (ZEEL) digital venture ZEE5 has shown impressive growth in a very short span. To keep pace with the growth, the Punit Goenka-led company will highly beef up its content investment for originals as well as film titles.

iWorld Over The Top Services
Airtel launches Google Assistant based Digital Customer Care

Airtel smartphone customers will now able to get instant resolution to their frequent account related queries through the Google Assistant.

iWorld Telecom
Airtel’s fixed line broadband biz under pressure as Jio enters the fray

More than a tenth of Airtel’s India revenue is generated through its cable business, through broadband and digital TV. And now with Reliance Jio’s entry in the cable market through its acquisition of controlling stakes in DEN Networks and Hathway cables, Airtel is very certain to face pressure in...

iWorld Broadband
Facebook planning smart STB for TVs with video calling support

According to a United States news website, Cheddar, social networking company Facebook is working on smart set-top boxes for TV. And according to the sources, the set-top box will be camera equipped. It will also allow video calling along with entertainment services like Facebook’s YouTube...

iWorld Over The Top Services
Reliance Jio to maintain ARPU lead over Airtel, Vodafone Idea

Indian telecom company, Reliance Jio, is most likely to maintain its lead on average revenue per user (ARPU) over its rivals Bharti Airtel and Vodafone Idea. The telco’s strategy in the market has paid off well by selectively choosing an inordinate share of 4G smartphone users and continuing to...

iWorld Over The Top Services
Netflix subscriptions to get cheaper in India

Netflix is tuning itself to India’s needs. Netflix chief product officer Gregory Peters said in an earnings call that the company will experiment with cheaper pricing models, betting on India to bring in its next 100 million subscribers for its long-term goal in a bid to increase its growth.

iWorld Over The Top Services
ZEE5 and PhonePe join hands for an amazing cashback offer

ZEE5, India’s largest multilingual entertainment destination, and PhonePe - India's fastest growing digital payments app have partnered to announce exciting offers on content for customers.

iWorld Over The Top Services
Jio and organised retail add to RIL's growth in second quarter

Mukesh Dhirubhai Ambani’s largest startup in the world in the form of Reliance Jio Infocomm Ltd or Jio has only gone from strength to strength since its inception. The mobile and broadband subsidiary of Reliance Industries Ltd (RIL), which is already the largest mobile data carrier in the world...

iWorld Telecom
Mukesh Ambani's RIL announces acquisition of majority stake in Hathway & DEN Networks

Reliance Industries Limited today announced the following strategic investments.

iWorld Telecom

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories