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Netflix Is a 'Chimp', Not a 'Gorilla': Time Warner CEO

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."

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