Beating out Netflix
Pay-TV chiefs don’t see a threat as subscriber bases grow
Canadian pay-television executives are playing down the threat of further disruption from Netflix Inc. on the Canadian market this year, even as the online entertainment provider plans to double its investment in the domestic service.
At meetings with investors in recent weeks, senior corporate managers of Corus Entertainment Inc. and Astral Media Inc., owners of the two largest movie networks in the country, said the impact of Netflix and other online content services in the past 12 months has been minimal, and would remain so in fiscal 2012.
"The over-the-top offers are negligible as a competitive threat," said Doug Murphy, chief of television at Corus, which operates Movie Central and owns HBO Canada jointly with Astral.
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