Netflix Defends Against UK Prices Accusations

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.

Read the whole story at Wall Street Cheat Sheet »
Tags: media, movies, online
Recommend (1)