Comcast CEO: “Jury is Out” on Netflix’s Impact
Comcast Chief Executive Brian Roberts said the “jury is out” about whether Netflix will compel people to cut their cable service but that initial fears that it may have been overblown.
The chief was responding to a question about whether the newly combined Comcast Corp. and NBCUniversal view Netflix as friend or foe, a topic that investors, reporters and industry executives love to grill media executives on these days.
Mr. Roberts praised Netflix’s streaming video service and said it is great for Comcast’s booming broadband business. But he raised some doubts about its potential.