Liberty Media Chairman John Malone thinks that Apple might stun traders down the highway as a winner within the intense streaming wars which have e
Liberty Media Chairman John Malone thinks that Apple might stun traders down the highway as a winner within the intense streaming wars which have engulfed Silicon Valley and Hollywood in a bid for viewers and content material alike.
“Apple goes to shock everybody with numbers they obtain in a brief time frame. Regardless that they’re skinny on content material … once you begin with 460 client relationships, and also you give them one thing free of charge, that is a really fascinating approach to get giant numbers quick,” he mentioned in an interview Thursday with CNBC’s David Faber.
“They will gauge what individuals like, do not like” and whereas their method would not prioritize content material manufacturing, Apple has a “great” mass-distribution technique, he mentioned.
On Amazon, Malone mentioned the corporate’s video unit will evolve to be “a bundler of different peoples’ providers.”
“I believe in the end, all of the tech guys wish to be the platform and let the opposite guys waste their cash on content material,” he mentioned.
Malone, an icon within the media and cable industries, constructed cable empire TCI within the 1970s earlier than promoting it to AT&T in 1999 for roughly $50 billion.
The Liberty Media chairman is also a director on the board of Discovery Communications, which closed its $15 billion acquisition of Scripps Networks in March of 2018. He was additionally chairman and CEO of Discovery when it turned a public firm.
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