A leading cable executive has issued a warning about how television might suffer if Netflix gains too much power. Variety reports that FX Networks chief John Landgraf expressed concern that the streaming service has the potential to exert “monopoly” power over the creative community.
Landgraf discussed the situation during an appearance today at the Television Critics Association press tour.
“Landgraf likened Netflix’s meteoric rise as a purveyor of programming to the trend in Silicon Valley in single companies dominating sectors, citing the overwhelming market share for Google in search, Facebook in social media or PayPal in financial transactions,” Variety reports.
Landgraf is quoted saying: “I think it would be bad for storytellers in general if one company was able to seize a 40-50-60% share in storytelling. I don’t think monopoly market shares are good for society, and I think they’d be particularly bad for society and storytellers if they were achieved in the storytelling genre.”