With the evolution of the entertainment content space to services like Netflix, Inc. (NASDAQ:NFLX) and HBO’s HBO Now or HBO Go, will we ever see a “cable” package that includes all of these streaming services under on bill?
Kelly Evans lightheartedly says that she hopes one such service will come in the future. In a segment of CNBC’s Squawk Alley, Evans and her colleagues also discussed Netflix, Inc. (NASDAQ:NFLX)’s reboot of “Full House” called “Fuller House”.
“If only there was a cable company that could tie it all together for you [and] just pay one bill every month?” Evans jokes.
Netflix, Inc. (NASDAQ:NFLX) has confirmed that it is bringing back “Full House” after an announcement by actor John Stamos on Jimmy Kimmel Live that the show has been greenlighted. According to Stamos, the initial order for the reboot is 13 episodes.
According to the CNBC panel, this move might also be influenced by taking advantage of nostalgia and the existing viewer pool for shows of the past, a sentiment that has been expressed in the past by other industry observers.
The company is doubling down on original programing, the trio note, as the company plans to make 320 hours of original content this year.
However, the entertainment content maker and streaming company may have no choice about whether they make original content. If you talk to media chief executive officers today, the CNBC personalities say, they would flood you with discussions of “over the top”.
Everyone with original content, they say, is going to compete “over the top,” meaning they have to give people the option of buying original content for streaming, to stem the rise of rivals like Netflix, Inc. (NASDAQ:NFLX).
This trend, however, is adding a lot of risk in the business, the CNBC panel says.
Meanwhile, with the rise of content streaming, the question of whether people will have multiple accounts with multiple services is brought up, the panel notes.
Carl Icahn’s Icahn Capital LP owned about 1.41 million Netflix, Inc. (NASDAQ:NFLX) shares by the end of 2014.
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