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 »