Online content pioneer Mark Cuban told the Senate Antitrust Subcommittee Wednesday that the AT&T-Time Warner merger is pro-consumer and will be necessary for the companies going forward to be competitive with the dominant content providers, which he said was the five major web content giants: Amazon, Apple, Microsoft, Google and Facebook.
In his testimony, Cuban said that while radio and TV used to be the big competition for online streaming services, it is now the app-driven websites and services like Snapchat. He said Facebook is the dominant content delivery position, saying it was taking over millennials and had become the major alternative to boredom, which he said used to be the province of TV and radio.
Public Knowledge president Gene Kimmelman countered that all those web giants weren't charging $200 per month for those apps and that user-generated online content was not comparable to the expensively produced content from a Time Warner. He also said that those all depend on the ISP gatekeepers, including AT&T.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.