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DISH Network CEO Joseph Clayton on Blockbuster’s efforts to lure away Netflix customers and why he is against the AT&T merger with T-Mobile.
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It's a battle -- think this is one covered business news gets exciting block let's turn now -- by DISH Network.
Is doing its best to scoop up Netflix is angry customers fuming over a sudden price hike of 60%.
But without streaming videos on front door delivery condition make Blockbuster profitable once again can they lure the customers away.
Joining us now out of Fox Business exclusive from company headquarters in Englewood Colorado is Joseph Clayton and CEO and president.
DISH Network and I'm so happier with -- just so.
There's so much to talk to you about but -- begin with a Netflix battle but then we'll get to the AT&T T-Mobile issue but Netflix just -- a 60% price hike.
You guys were bearing W immediately jumped in and said.
Will take angered Netflix customers in fact we'll give you -- thirty day free trial period.
Are you getting any of the Netflix defectors yet you have any numbers.
No numbers to give you a specifically.
-- but yes there has been movement stand.
We'll know more as we get further into the promotion but.
I think we were opportunistic and it's gonna pay -- Forbes -- this is why I look at business sometimes and I see it companies that are nimble enough to jump in and say -- wait a minute -- we can figure out a way to capitalize on this especially with Blockbuster which was.
I don't down for the count I -- I mean a look at how bad it was but but Netflix is response and I know you know what already but the quote was.
Quote blockbusters deal is 999 for one dvd at a time our deal.
Is 799.
For the exact same offer why would someone change and quote is his -- correct.
-- yes it is over the after the thirty month period in.
Let me also says state -- that.
Yet but Blockbuster may have been down for the count yes it may have a tarnished image.
-- -- in Wall Street.
But not to middle America not the most Americans -- Blockbuster -- -- -- And it -- movies and will capitalize on that image and will be nimble again and we will have a multiple -- offerings to make sure that we attract the buying public back to Blockbuster.
Let's get to the T-Mobile AT&T merger of course that we have senator Herb Kohl of Wisconsin Democrat coming up today in a letter to both Julius genachowski of the FCC.
And that sit in essence saying.
I am absolutely against this deal because it will hurt competition and it will hurt the consumer.
Where do you stand I I believe you are against the that the deal was well but does that still stand and if so what worries you the most about an AT&T T-Mobile pair up.
Well I've been would anytime you put too large -- -- giants together of course.
We're gonna be concerned and and we're looking also what the wireless space.
Our our our own future.
-- -- We we have come out.
Against that the merger.
But that being said if it does go through we will be prepared to be competitive you'll figure out a white T-Mobile is just now this is crossing on the -- saying it absolutely believes that the deal will go through and B&B approved would you.
Make a bet on that you think there's there's a chance it will get -- I -- spreads against -- -- -- -- I've -- predict what what.
Government might do or the the FCC so we'll just stay tuned.
Okay that's good enough for me to comment but I know that you're hoping in a way that it won't go through look this brings us to the broader question.
I've streaming video and media the big topic at the national cable television.
Association meeting just a month ago.
Was that there are so many more robust offerings via broadband via.
The IP space and and my question you is -- how you transition your business which is.
And is a bad word to use the grounded because you're grounded in the satellite space.
-- which is defined in essence -- and limitations on broadband and streaming.
How do you compete with those very robust offerings that are out there right now via YouTube and Amazon.
Any talk to teenagers these days they're not even going with cable and they may not go with you guys either because there's so much else out there do you Bridget somehow.
Well we we already are are doing that lives we have the capability to do it through our.
One of our products dish on line.
Live.
TV shows.
On laptops and mobile devices with the technology called -- so.
We're not afraid of that in fact we're embracing that as well to and it's already part of our our product offerings.
Would you embrace Hulu or pandora or serious there is word you might be interested in fact the word came from -- in an interview I have to ask you look -- let me start with that one.
It's available right now so we hear would you buy it.
Well we're looking at all options -- From what I understand of the price -- pretty hot.
But.
In terms of you know streaming the TV shows I think they offer a great alternative.
-- to customers and we will watch it will take a look at it but I'm not make any commitments on on whether any of the people that you've just mentioned there are companies but.
Yes we're following the changing landscape very closely because we intend to be a major player in the wireless industry going forward.
Wireless.
And of course satellite with -- -- -- other acquisitions we will follow what we'll have you back -- -- for -- to come back once again -- nice to see you.
Thank you -- for having me any time Joseph Clayton CEO and president of DISH Network live from.
