Time Warner (TWX) CEO Jeff Bewkes

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Time Warner (TWX) CEO Jeff Bewkes explained why his company doesn’t need to do a merger or acquisition in order to compete in today’s evolving media landscape

“After all the failures of Time Warner 10 years ago and 20 years ago, HBO, Turner, and Warner Bros finally have the experience and shared interest to help each other succeed.  We have the brands, we have the money, we have the distribution platform support, and we have the program supply. We have better access to movies and TV shows than any other company probably other than Disney. We can use our scale together, or not, and that balance is one of the biggest advantages of our company.”

Time Warner (TWX) CEO Jeff Bewkes on why traditional cable providers were too slow to understand the transition to over the top video

“They bungled it.  By and large, the incumbent distribution system was too slow to give the consumers what had already been invented. They had the programming; they could have offered it in an effective way to consumers who would have watched. Instead, MVPDs let consumers go to alternatives for the very same programming they already had, because consumers wanted it on VOD and with a great interface.”

Time Warner (TWX) CEO Jeff Bewkes said people still love TV content

“There has never been more interest or vibrancy in television and the relationship that audiences have to it.  It really is the Golden Age.  Great content will carry the day.”

 

 

Source: Variety interview with Time Warner CEO Jeff Bewkes http://variety.com/2016/tv/features/jeff-bewkes-time-warner-merge-1201794546/