Malone Urges Cable-Programming Ventures
Liberty Media Corp. Chairman John Malone called for the cable industry to work together on programming ventures, as it did in the 1980s and 1990s, as a way to compete nationally with online video services like Netflix Inc.’s.
Speaking to investors at a Liberty presentation in New York, Mr. Malone suggested that services like Xfinity, the brand for cable and Internet-based services of Comcast Corp., or Hulu, an online-video service controlled by several major entertainment companies, could evolve with support of major cable operators. Alternatively, he said, the industry could get behind services developed by entrepreneurs, as it did in the 1980s when cable operators invested in Ted Turner company to helped build cable networks including CNN.
