Time Warner chairman and CEO Jeff Bewkes and AT&T chairman and CEO Randall Stephenson on Monday touted their $85.4 billion cash-and-stock mega-deal on a conference call with Wall Street analysts, repeatedly suggesting it will bring benefits for content creators, among others.
“There is the huge opportunity … to utilize consumer insights to inform content creation, and that allows us to continue to create not just the biggest hits, but also content and programming that really engages with targeted” niche audiences, Bewkes said. “We will develop new innovative business models and forms of content that consumers will be demanding tomorrow in this ubiquitous, multi-platform, on-demand and increasingly mobile environment.”
Source: Time Warner, AT&T CEOs Tout Deal Benefits for Content Creators | Hollywood Reporter
Top programming conglomerates including CBS Corp, Disney, 21st Century Fox and Time Warner Inc. jointly filed an ex parte letter to the FCC, indicating their strong, unambiguous disagreement with the revised set-top regulation proposal being championed by agency Chairman Tom Wheeler.
“While we continue to appreciate that the FCC has shifted its focus to apps, we cannot support any rules that require our content to be distributed on terms or conditions to which programmers would not agree,” said the media companies in the letter, which was filed after a Senate Commerce Committee hearing on the new proposal Thursday.
Source: Disney, CBS, others tell FCC to stay out of the licensing process | FierceCable