HomeMediaMagazine reports that Warner CEO Jeff Bewkes, outspoken critic of Netflix, wants to raise prices for Netflix & Redbox.
Describing the digital transition of filmed entertainment as Time Warner Inc.’s most dynamic business unit, CEO Jeff Bewkes Feb. 2 said Warner Bros. would aggressively pursue increasing content license fees charged Netflix, Redbox and other related distribution services.
In an analyst call discussing fourth quarter fiscal results, Bewkes said Warner Home Video’s 28-day delay for new releases to Netflix and Redbox has been successful, but is not enough considering Netflix’s burgeoning growth and changing consumer behavior toward home entertainment.
“The current [license] terms are not commensurate to the value of our films,” Bewkes said. “The value should be considerably higher than what we are getting now.”
Bewkes can wish for the world, but he's a deluded moron.
Content is out there, but most of it is sh_t. Prices need to come down, not go up. Perhaps morons like this CEO want to see Netflix go the way of Hollywood Video.
Posted by: Veerle | March 12, 2011 at 03:30 PM
It is not enough considering Netflix’s burgeoning growth and changing consumer behavior toward home entertainment.
Posted by: Gaston Cantens | March 14, 2011 at 05:24 AM