Against the backdrop of sweeping consolidation inside media industry, CBS Chairman in addition to CEO Les Moonves says he is usually positioning the network as the underdog against “monstrous companies,” including Comcast, Disney, as well as online powerhouses Netflix in addition to Amazon.
Mooves spoke at CNBC’s Net/Net event on Thursday evening as word was leaking out that will Comcast in addition to Verizon were sniffing around the same assets of Twenty-First Century Fox that will Disney was said to be in talks to buy. Fox appears to be considering the sale of most of the entertainment company, leaving behind news in addition to sports.
“Disney is usually six times as big as we are. Comcast is usually six times as big as we are,” said Moonves, producing a David in addition to Goliath argument that will CBS may be diminutive however nimble. “Netflix’s market cap is usually huge. right now Amazon, the number one company inside planet, is usually producing content. We are sort of like an old-fashioned production company, we are a smaller guy.”
“This kind of’s a jump ball we’re never going to win. We have to continue to develop our own projects ourselves … like we did with ‘Star Trek’ on our over-the-top service,” he said. “that will’s how we’re going to compete.”
“Star Trek: Discovery” is usually available to stream on CBS All Access, the network’s television service delivered over the internet.
Moonves views online competitors more as frenemies. “We still do a lot of business with Netflix. We still produce original content for Netflix in addition to virtually everyone who is usually our competitor is usually also our friend.”
However, Moonves did acknowledge that will CBS might need to fortify its position. “Eventually are we going to have to do partnerships with different content companies in addition to distribution companies? The answer is usually probably, ‘yes.'”
Despite all the deal talk, AT&T in addition to the government are drawing battle lines over the telecom giant’s proposed $85 billion acquisition of Time Warner. Last week, CNBC reported the Justice Department could sue to block the takeover unless AT&T agrees to sell its DirecTV division or Time Warner’s Turner Broadcasting, which owns CNN.
“This kind of’s sort of a contradictory situation we’re in right right now. I was pretty surprised. I’ve been surprised a lot inside past few weeks that will the Department of Justice objected to This kind of deal,” Moonves said. “This kind of didn’t seem like something they would certainly do, however God only knows what the reasons are for stopping that will.”
however Moonves said there’s one thing he’s sure of in This kind of current deal-producing environment: “Content assets are incredibly valuable.”
— Disclosure: Comcast owns CNBC parent NBCUniversal.