This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Liberty Global CEO Fries Downplays Apple TV Threat

NEW YORK ( TheStreet) -- Liberty Global (LTBTYA) CEO Mike Fries doesn't expect Apple (AAPL - Get Report) to build a TV, amid speculation that Tim Cook and Co. are working on a strategy to upend the cable TV industry.

At the Goldman Sachs Communacopia conference on Tuesday, Fries, who heads one of the top cable providers in Europe, downplayed the threat Apple TV poses to traditional cable bundles and said conversations he had with Cook don't indicate that Apple will manufacture an actual TV.

"I don't think they're going to build a TV. They want to be in the interface business. They want essentially to get in between cable operators and customers," Fries said on Tuesday.

"That's a tricky proposition when you think about the economics of that and who wins and who loses and how you share revenue. So I don't anticipate any bold moves in our space from them but -- so they're not a big threat," he added.

Fries wasn't alone among cable and media executives at the Goldman Sachs conference to downplay the impact of upstarts such as Apple to the cable TV business.

Time Warner Cable (TWC - Get Report) Chief Financial Officer Arthur Minson defended the value proposition of cable TV packages, even as media analysts and investors brace for a so-called mobile virtual network operator (MNVO) such as Apple or Netflix (NFLX - Get Report) that could dis-aggregate traditional TV bundles.

Disney (DIS) CEO Bob Iger, meanwhile, said he doesn't expect Netflix to corner the streaming media business, after posting some of the industry's fastest subscriber growth in 2013.

Iger expects competitors to continue to emerge given diminishing technological barriers to entry in the industry. "I think it is going to be really hard for them to corner the marketplace," said Iger of Netflix's standing in the industry. "This is far from over," Iger added.

The Disney CEO, nevertheless, said Netflix plays an increasingly important role in the media industry given its rising status as a buyer of big ticket broadcast, cable and movie content. Just under a year ago, Netflix signed a content relationship with Disney in which the streaming service will have exclusive rights to Disney's movie releases.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
GOOG $693.01 0.00%
LBTYA $37.73 0.00%
NFLX $90.03 0.00%
TWC $212.11 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs