AT&T CEO Randall Stephenson said Wednesday if Netflix is the Walmart of direct-to-consumer streaming, AT&T-owned HBO is the Tiffany.
"HBO is a very, very unique asset," Stephenson said at the Goldman Sachs Communacopia Conference. "I think of Netflix kind of as the Walmart of [subscription video on-demand services]. HBO is kind of the Tiffany."
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FX chief accuses Netflix of overspending: ‘Fishing with hand grenades’“It feels like we’re standing in a crystal clear stream like in A River Runs Through It and we’re fly fishing, and our neighbor [HBO chief] Casey Bloys is up the river, and then somebody comes in with a bag full of hand grenades, pulls the pins, throws them into the river, and scoops up all the fish, and then says, ‘We’re better fishers than you are!’ Okay, that’s some beautiful fish that just got blown out of the river.”
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