Netflix Defends Against UK Prices Accusations

Wall Street Cheat Sheet, Sunday, August 26, 2012 4:57 PM
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Ted Sarandos, who is the Chief Content Officer of Netflix, defended the company from accusations that is is paying “uneconomically high” rates in the U.K. video-on-demand market, according to the Guardian. Sarandos informed the MediaGuardian Edinburgh International Television Festival that his company is ready to pay a “tremendous amount of money” for exclusive rights for the showing of popular films and TV shows.

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