AT&T Chief Calls Netflix the ‘Walmart’ of VOD

Sep 12, 2018  •  Post A Comment

The CEO of AT&T took a swipe at Netflix, a company that he is now in competition with after AT&T’s purchase of Time Warner.

CNBC quotes Randall Stephenson, speaking at the Goldman Sachs Communacopia Conference, saying: “I think of Netflix kind of as the Walmart of [subscription video on-demand services]. HBO is kind of the Tiffany.”

CNBC notes that AT&T, which now owns HBO, “has been touting its new media assets and digital content portfolio since closing its acquisition of Time Warner earlier this summer.”

The report adds: “AT&T executives have privately said HBO will need to get bigger and broader in order to build subscriber base.”

Stephenson is quoted saying Tuesday: “We think we have as good a portfolio of premium content as anybody in the industry. In terms of long form, Warner Brothers has an [intellectual property] library that is like few others that we can conceive of, candidly.”

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