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After -- by our top names in tech.
-- in this week at the all things digital conference which kicked up last night in Rancho -- -- California.
Hi -- -- yes they used to the technology industry is here are wearing -- -- Talking about star -- -- the hottest names in the social media space names like Twitter FaceBook Groupon.
And of course -- technology heavyweights the -- the big entertainment companies Disney.
And of course and News Corp.
the parent company in a Fox Business Network you can see behind me -- -- crowds coming out of the latest general session that just came out.
We've got one of the speakers who is just on stage talking Jonathan Miller -- chief digital officer of News Corp.
need just got off the stage addressing the crowd talking about a lot of different topics let's bring your perspective.
To our audience last time we met woods and the launch big daily.
It was certainly a big splashy affair -- game changer as far as content goes on the iPad how is that doing and what's the game plan -- that well.
I think that the -- is a game changer because it really showed how rich environment you can create for news product and in in a new tablet form and it's been very exciting.
I mention this on stage the thing that has surprised me the most.
Is that over -- over half the subscribers are actually yearly subscribers -- choice you can strive for a week or for a year.
And over half the people are self selecting their choice to subscribe for a year.
And it shows like the product but but -- -- there's been all discussion about paid content models.
And it shows I think that when you make a great product that -- that has value people actually.
And only pay for but what will subscribe it for years what about the subscriber base in what is your metric for success in in year one.
We do have numbers we haven't released that in fact there is that there is -- discussion about when we will do that so the answer is -- shortly but we we have Hussein numbers yet.
-- let's talk about another big have property that News Corp.
has and that's MySpace that it continues to evolve in -- what he's doing a lot.
To change its tell loan and its audience said it's trying to reach what sort of next on the horizon from my staple we have -- We have said that we're involved in -- and what they -- strategic process for MySpace where we're looking for investors or possibly transaction.
And I think we are getting far down that path and I would expect something to happen during the month of June so truthfully we'll have a resolution.
On the direction MySpace is -- in the.
All right please come back on fox business and give us an update on that another big initiative for the company is -- I had seen Reed Hastings who runs Netflix on stage not too long ago saying that he believes that he doesn't compete against Hulu.
And YouTube he's trying to compete against -- cable company.
What do you make of that who is the Hulu is competition and what's this.
Face evolving and -- look great question because that that has a lot to do with -- hit it.
Everything that every media companies trying to figure right now is in your question yes and in some form and -- try to break it down a little bit well I'll start with Netflix -- -- and Reed Hastings.
I think he probably he probably thinks he's complementary.
To the big offerings from cable satellite providers.
Many people would question that as to whether it's complementary or competitive and I did -- he thinks -- more complimentary.
He said he thinks he's competing with.
And -- -- I was trying to return it in practice.
-- it's another day on Wall Street Journal reported this -- -- -- left since the cook -- pretty easy air.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- So actually I think he is competitive with Hulu who has both a free model where you can you can watch advertising supported television and also paid model.
And certainly in the paid model it is it is competition enough.
Has been made of Internet so bad that the dip popularity Internet contents eating away at the cable business and we will all work for -- cable company and certainly -- cable company battles as a big digital presence and how does this all sort of lay out.
It's well again one of the -- that's one of the big questions and the questions are people going to continue to pay for the big cable and satellite bundles.
Which includes things like Fox Business Network virus.
Or they going to do what they -- court cut and and get their video some other way.
The right now there's no good alternatives he would even if you wanted to you'd have to patch together a bunch of stuff.
And -- them answer the question is will people do that enhancer is nobody knows yet the stats would tell you right now.
Probably it's not happening.
But there's other things you -- look and say it could be starting was particularly young people coming out of college for example who may not buy into these the more expensive packages right off of that.
But this is the big question as to what programs go where what movies go where yes there was trying to both have a -- the good existing business today and plan for the future.
All right well certainly things are still evolving and even the smartest guys in -- rumors are still trying to figure things out and that's some of the stuff that we're talking about this -- lowering Chris at all things digital.
Stay tuned we're gonna have the CEO Steve the CEO square in many many others joining us.
A little bit later on today.
Sounds great --
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