The Liberty Media boss had some candid words this morning on CNBC, telling David Faber that the cable industry missed its chance to compete against Netflix and that the only company capable of doing so was Amazon, which is likened to a Death Star, sucking the life out of every damned industry it touches.
Liberty Media Chairman John Malone believes Amazon will dominate the future and is the only company that has a chance to beat Netflix.
Netflix CEO Reed Hastings “has been successful in throwing hail Mary passes and then growing into them. And I think he is going to continue doing that. He’s got a great service. He’s disintermediating the studio industry by going directly to the talent,” Malone said in an exclusive interview with CNBC’s David Faber Thursday at the Liberty Media annual investor meeting.
“The only outfit right now that has a chance of overtaking them would be Amazon.”
The internet “makes scale even more important in the media business, where scale always was important. It’s all about scale,” he said. Netflix was “the first wave. And I think Jeff [Bezos] is gonna be the most disruptive. As [his] Death Star moves into striking range of every industry on the planet.”
“If you’re in the B2C business, if you’re selling anything to any consumer anywhere on the planet, you gotta believe that Amazon is gonna have a look at that opportunity to commoditize you to use scale to serve the public,” he said. Bezos is “reducing cost to the consumer and providing great convenience … You just got to take your hat off and envy what he has built.”
Yesterday, it was being circulated that Amazon was fixing to fire thousands of Whole Foods employees. I imagine they might want to swap out human cashiers for robots, the Bezos way. While Amazon offers incredible convenience and affordability to consumers, there is a cost to pay — a long tailed one in the form of a FUCKING DEATH STAR.If you enjoy the content at iBankCoin, please follow us on Twitter