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Netflix the Next Hollywood Titan?

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  • Description

    FBN’s Dennis Kneale discusses whether the movie-rental company can control Tinsel Town.

  • Duration 2:11
  • Date

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The most powerful executives and entertainment -- meeting in sun valley California right now his might take on this whole area.

The real media giant that is emerging it is Netflix.

Dennis -- joins us live from some -- alright Dennis do you agree with me.

-- is Netflix the next big entertainment.

Giant.

Yeah it truly is -- Hollywood knows that they're trying to figure out though are they -- Brenda.

Or -- boat Stuart you know Michael Eisner the former CEO did he was walk it in on the perp walk this morning we're not allowed in the conference that we got -- but home real quick laugh them.

-- it through the theme of the conference if -- FaceBook Netflix might destroy the entertainment industry he said well I hadn't heard that.

But went on to talk about some other things but here's the thing you used to pay for five bucks for a pay per view movie on to cable system -- -- and now are eight dollars a month.

You have all you can eat from Netflix and -- on one hand at the big threat on the other hand entertainment exact point out to me.

That we're selling them all re -- stuff we're still a non exclusive licenses for hundreds of millions of dollars and -- next -- -- -- to come on in -- -- material will do that as well so in some way Stewart while you like that but I think it might be a big old Ponzi scheme they're.

Bringing cash from their twenty million -- they're paid it out for new content and they're trying to goes back after they can they're trying to expand in Latin America.

But when does that run out when they've been I -- my lunch.

I take applauded it to me it's the reach of this thing.

And the newness of it amid this is there I think they'll all most -- I'm not sure what that are operating in Asia at the moment but look.

They are a global or not that that not in -- yet not yet.

But they are truly global.

They like a global entertainment net book.

That's that's really moving but look at that stock price 288.

Dollars a share.

OK but that's our sorry I'm proud of all last what do you you got fifteen seconds.

Overall they can't do anything unless they buy Condit from someone else and when they -- with -- what else that side benefits so Hollywood need not worry Hollywood I think is in control here.

Fascinating stuff that is -- right that in some -- thanks so much done it's good stuff appreciate it.

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