Around the Net

Bewkes: Media Moguls Era Over

The era of media moguls is over, Time Warner chairman and CEO Jeff Bewkes said. Nowadays, big companies are the stars, and firms from the traditional and new media worlds act on the same stage, he said at an industry event. "We're not moguls anymore," Bewkes said later. "We're reasonable people" who try to make the right decisions.

Bewkes showed no concern about Netflix or other big tech players, such as Steve Jobs' Apple. If they tried to interfere with content companies' subscriptions, "it wouldn't be good," Bewkes warned. "But it's not going to happen." After all, a tech company that doesn't support the company's popular content will only "degrade the value of their product."

Read the whole story at The Hollywood Reporter »

Next story loading loading..