How Netflix Is Disrupting Old Hollywood

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July 22 (Bloomberg) -- Bloomberg Industries Paul Sweeney previews Netflix's earnings with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Paul, i am hearing this is even better than "house of cards," one i have not seen.

It got great feedback.

It looks like netflix has got another pretty good winner on its hands in terms of original programming, and that is kind of key, not just to repackage things but to focus on key, original programming that can drive subscribers.

I think in the past, it was probably hard for a company like them to get top-notch writers and producers, and now, the content can good to them first.

I think hbo wrote the book on this with shows like "the sopranos." basic cable, such as amc, with "mad men," nl, they are paying for a list content.

How does this translate for subscriber growth?

Because as far as i can tell, that is what people care about.

They do not care about profit or revenue.

Everything i read is about subscriber growth.

Yes, much like american online back in the day.

Subscriber growth.

Better and better and quality content.

It used to be just getting the best television shows and movies, but that is not enough anymore.

They have to have original programming that can stand out against the competition.

Speaking of competition, who do you see as the main competition for them?

Is it amazon prime?

Isn't it hulu -- is it hulu?

Longer-term, i think you have to start looking at some of the technology companies that are expressing an interest getting into the technology business.


We had google.


Last week, gould said -- googles said they were considering a subscription service of their own.

What does this mean for all of the media companies?


The content creators are really the ones that are benefiting.

The hollywood studios, the ones creating the content, they are doing well.

Longer-term, they have to be concerned about the changing viewing habits and what that means for the existing pay television model.

At least for right now, they are ok.

That is right.

This text has been automatically generated. It may not be 100% accurate.


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