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Heard during Comcast's earnings call

  • Comcast (CMCSA -1.6%) CEO Brian Roberts says the company isn't in any rush to add Netflix (NFLX -2%) as an app inside its set-top box. The exec reasons consumers can easily find the streaming service. The outlook is a slight deviance from what some media analysts forecast for the relationship between the streaming juggernaut and cable heavyweights.
  • Advertising revenue increased 2.6% ex-Olympics at broadcast TV properties and the company sees some room for margin improvement in the segment with costs lower.
  • On the expense side, higher programming costs dragged up total expenses 4.5%. Without those costs, all other expenses were only up 2%.
  • The rollout of X1 video-on-demand has gone very well and marketing X2 will be a focus in 2014, notes management.
  • Earnings call webcast
Comments (3)
  • Tvaddic
    , contributor
    Comments (233) | Send Message
     
    This is a corporate way of saying that CMCSA or NFLX is asking for too much in the negotiations.
    30 Oct 2013, 10:55 AM Reply Like
  • Mark Krieger
    , contributor
    Comments (3765) | Send Message
     
    NFLX has gotten a ton of bad news today..that's why its stock is imploding
    30 Oct 2013, 03:04 PM Reply Like
  • Sakelaris
    , contributor
    Comments (1224) | Send Message
     
    I sure hope that Netflix does stay free from the smothering embrace of the price-gouging cable companies. Thankfully, Comcast now seems to be pulling away from this talk themselves.

     

    As a very minor Netflix shareholder and as a very adamant advocate for the low-cost, convenient access model that Netflix has created, I fear that if a major cable company does do a "set-top box" deal with Netflix at this time, the cable forces would use the deal to restrict the content that Netflix can distribute. That would be sad.
    30 Oct 2013, 05:41 PM Reply Like
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