Also in this playlist...
This transcript is automatically generated
Let's get over to the man who is really in a perimeter position here running and CTA and all of the challenges he faces Michael Powell.
Of course former -- his -- great to see why you get to Wear both hats you know you -- on the FCC excited about it wanted to collect chairman title of that cycle in my outlook event.
When you've got a good one here logging on behalf of the cable idea but.
It is the biggest challenge that is facing these people out again we split it into distributors.
And the programmers the content people and of course the guys who run the broadband lines and get that cable on the people's television sets.
I think in many ways they actually have the same challenge which is you have a digital generation that's growing up with new expectations of the way they want -- interact with content and where they wanna see it.
You know my children do not accept passive couch potato experiences lightly anymore they want to be personalized they want experience personalized.
They want -- interactive and increasingly they want -- on not.
-- -- creative.
Consumer electronic devices that they've come a lot and -- wanna be able to -- content interact with it.
Most forms of both the content industry and a programming industry has got to migrate their -- there to stay relevant and be at the cutting edge of communication.
You told them that because some of them aren't intransigent not about the fact that they understand this migration away from that couch and watching you know 42 inch screen but.
You've got people like Viacom suing Time Warner Cable because Time Warner Cable said hey at least within the home.
If somebody wants to get up off the couch and then watch their iPad in the backyard.
And watch that Viacom channel will let them do it Viacom -- upset yeah I think.
The thing we have to remember is whenever we go to a genuinely new space right what part of the old rules apply what part don't.
That's a natural part of the business cycle right and so that you're gonna have natural disagreements.
About how far -- carry over but I don't think that they very one -- And their commitment and their understanding of -- ultimately we'll be able to provide this experience.
I would predict where it went great confidence.
In the very near future you will see all of that content making its way iPad and iPad apps once they get the right things worked out and I think.
They're both committed to doing so.
There are a lot of threats right now everything from satellite television you've got Echostar -- over my shoulder to.
The phone lines are running all different kinds of things not to mention YouTube Netflix.
Amazon is coming up from the USC's the biggest threat to the cable industry right.
Let's put another way of -- Petition I think planning competition does is keep you from being complacent.
I think it's an industry that's been spurred by those competitive juices to be able to be pushing themselves and innovation.
I think if you think about online video got the world this to multi dimensional now you -- take something like on my Netflix and say well it's a threat.
It can't be -- come on out I'm not a certain level that the same -- -- -- complementary opportunity back content runs over networks that we sell.
It doesn't go over the topic goes over the infrastructure that we provide to the consumer.
And so as that could increase demand for that infrastructure -- ground.
So the opportunity for our company's with the consumer.
To sell higher package is more important sentence structure to them.
And to create opportunities for them to enjoy new services I think at the.
Plus what you go to Washington to lobby you'll be talking to everyone from Jordan Julius genachowski of the SEC we just talked to him about that.
The T-Mobile AT&T merger and what happens if another distributor wants to emerge with a -- that -- -- -- -- Comcast NBC.
Would you for those in the -- Her body I learned a long time ago and out of the antitrust division that it's impossible.
Did you hypotheticals about mergers and they opened boxes of documents.
I think big is not bad in and of itself.
But it's worth scrutiny.
And I think that we opened the box as you look for whether the -- really when it's combined as an anticompetitive effect on consumers -- it does it should be stopped.
But if it doesn't in this country and -- I'm proud to be a part of we let those things go through and let them provide services as well.
Free market does work certainly but there's talk about dish and DirecTV possibly merging in and Michigan Abbott's office said hey we'll look at anything.
Would that be a merger -- mean those are the only two players really satellite television that that have meaningful numbers would that be something that would concern him it's hard for me to say.
You know it changes the market structures in the market structure changes you've got new challenges.
You know those emerges that were once blocked by the government.
Whether they be approved today or whether the circumstances -- -- not a decision for me to make.
But I do think -- -- like that or any other merger of that significance.
I have a lot of confidence in the government to scrutinize them -- LA and.
Read what role does the government should the government have in all of these people here all of these distributors and -- content people.
What does the government have I mean are we try to create jobs and let them run the ball ahead toward.
You know I think so I think one of the things that I really encourage government did today as I said that in my speech today I hope they spend as much energy.
Using their leadership to -- regulations that are no longer relevant.
As much as they -- thinking it's -- to plant seeds for new regulations.
The biggest problem is not pro regulation or any regulation.
-- the uncertainty of the future how can we -- Thoughtfully and being predictive about what you're going to regulate when you're asking companies to experiment take risks but -- on the ground not be sure they're getting a return on an investment.
Experiment with business -- the last thing you -- -- about -- overhang about predictive judgments that ought to be regulated against an advance and that's what we like to.
Not quite make -- Fox Business -- -- -- that that's measured but certainly intelligent way of looking at they have some.
Michael thank you so much -- joining us.
First on Fox Business Michael Powell.
The new president and CEO of you get the chairman title I do you do yeah and I don't know I guess I'll see you at the idea title of and -- Yankee fans.
Good luck dealing with the -- got -- the cable -- the kind of battling it out at great.
Filter by section