Billionaire media tycoon John Malone, caught in a chatty mood Tuesday at the first Lionsgate Investor Day, had plenty to say about the possibilities for media under a Trump administration, while also offering his perspective on the rise of Netflix.
According to The Hollywood Reporter, Malone offered praise for Netflix CEO Reed Hastings.
Malone said of Hastings: “He really broke the mold with his success. He got to scale. The traditional distributors who were asleep at the switch, they should have been doing that, they didn’t do that, they didn’t protect their scale monopoly position. So now they face going-forward competition for the consumer with content.”
Malone, who would like to see the pay TV business consolidate to meet the competition from streaming, offered a few outside-the-box scenarios.
“Malone talked about a pro-business climate from the upcoming Trump administration opening the way for a new round of industry consolidation,” THR reports, quoting the mogul saying: “One could contemplate in a Trump administration Comcast and Charter could merge. I don’t know. But there would be a lot of synergy.”
THR also quotes Malone saying: “Maybe the three major cable companies get together and buy T-Mobile.”
We encourage readers to click on the link above to go to THR to read more of Malone’s comments.