NanoTech Entertainment Inc (NTEK): "Rupert Murdoch Urges Media Giants to Cr...

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Thursday, 10/30/2014 1:05:10 PM

Thursday, October 30, 2014 1:05:10 PM

"Rupert Murdoch Urges Media Giants to Create Netflix Competitor"

"As an industry, we need a competitor - a serious competitor - to Netflix and Amazon," News Corporation Rupert Murdoch stated at the Wall Street Journal’s WSJ.D conference in Laguna Beach, California. The problem? The company that drove MySpace into the ground has had problems competing with Netflix via services like Hulu, because to succeed they need to be disruptive -- and if they're truly disruptive they would ultimately cannibalize traditional TV viewers. As a result of this timidity, services like News Corp's Hulu wind up being little more than a glorified ads for traditional cable, unwilling to take the extra step to truly step into the ring with the rising Internet video services.

http://www.dslreports.com/shownews/Rupert-Murdoch-Urges-Media-Giants-to-Create-Netflix-Competitor-131087