Netflix Is a 'Chimp', Not a 'Gorilla': Time Warner CEO
By: Julia La Roche
Special to CNBC.com
As Netflix continues to increase its presence in the media landscape, Time Warner CEO Jeff Bewkes doesn't consider the online DVD subscription and streaming service company as a threat.
"I would say it [Netflix] is like a 200 pound chimp — it's not an 800 pound gorilla," Bewkes told CNBC in an interview on Thursday.
Bewkes said Netflix is a not a threat to Time Warner's multi channel HBO television programming service.
"No, it's just another competitor," he said, "We have plenty of competition that's fine."
As Netflix continues to increase its presence in the media landscape, Time Warner CEO Jeff Bewkes doesn't consider the online DVD subscription and streaming service company as a threat.
