John Malone on Friday warned traditional TV providers beset by cord-cutting will be hard-pressed to compete with globe-trotting streaming platforms like Apple TV, Roku and Amazon Prime+. "It's all about scale.
Entertainment programming has gone global. Charter or Comcast, with a 30 percent footprint in the U.S, and maybe a 60 percent market share in that footprint, represent a very small slice of global scale," the billionaire investor told the Liberty Media Investor Day during a session that was webcast.
Malone added direct-to-consumer platforms as they scale globally offer better economics than traditional TV providers tied to the U.S.
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