Around the Net
Virgin Media Owner Claims Netflix Has Lost Its 'Cool Factor'
- The Guardian, Wednesday, August 10, 2016 8:33 AM
The chief executive of Virgin Media owner Liberty Global has said that Netflix has lost its “cool factor” and is no longer a direct competitor or major threat to pay-TV companies. Liberty chief Mike Fries, who ultimately oversees cable TV operations in more than a dozen countries and is ITV’s largest single shareholder, believes that despite its explosive growth Netflix’s model is constrained.
