Mark Cuban made his billions during the first Internet boom on a company called Broadcast.com, which was arguably ahead of its time: it was built to live-stream TV and radio content over the Internet.
Now that the media industry is booming with streaming-video options, in an exclusive interview at the Code/Media conference, Cuban took a bit of a victory lap: "The only surprise is what took so long. I think we always had an underlying principle back then that bits are bits and the only question was how are you going to originate them, how are you going to transport them, over what and how are people are going to consume them and now we're starting to get more options because bandwidth is plentiful and now because creating content has become so inexpensive."
But of the digital options, he points to Netflix, which he's invested in: "Netflix knows how to aggregate [content] and now is evolving in the business of low-cost delivery of high-value content, and I don't think there's going to be a lot of room for competitors to them," said Cuban. "You can talk about HBOGo, you can talk about CBS, but again, that's just a repurposing. When it's all said and done, 98 percent of 99 percent of Netflix content, it's value was defined on traditional media. Other than 'House of Cards' and some of their originals, I don't think all that much has changed."
And to protect the future of streaming, Cuban is vehemently against net neutrality regulation. "I think net neutrality is the dumbest stuff ever. Really the base of net neutrality is not a technical argument, it's not a business argument, it's purely simply demonization of a couple of big companies," said Cuban.
"Because Comcast and their customer service is awful for cable they must suck, and they're going to ruin the Internet for everybody so let's come up with new rules and regulations that the FCC is going to enforce with a new set of commissioners every five years."
And Cuban warns that if net neutrality rules are enacted as proposed, we should expect a number of lawsuits.