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Virgin Media Owner Claims Netflix Has Lost Its 'Cool Factor'

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.

Read the whole story at The Guardian »

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