Netflix CEO Reed Hastings Backs AT&T, Time Warner -- For Now
October 24 2016 - 11:43PM
Dow Jones News
By Deepa Seetharaman
Netflix Inc. Chief Executive Reed Hastings offered his qualified
support of AT&T Inc.'s $85.4 billion deal to buy Time Warner
Inc. -- as long as the deal doesn't give an "unfair advantage" to
Time Warner's networks.
Mr. Hastings said he would back the deal "as long as HBO's bits
and Netflix's bits are treated the same," he said Monday, speaking
at the WSJDLive conference in Laguna Beach, Calif.
"The key thing is whether there is going to be net neutrality,
which hasn't been AT&T's favorite topic," he said. "If they got
there...then good things might happen."
Write to Deepa Seetharaman at Deepa.Seetharaman@wsj.com
(END) Dow Jones Newswires
October 24, 2016 23:28 ET (03:28 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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