Said Moonves re: the new economic model Time Warner's CEO is proposing:
"As I am sure you know, we have no 'new economics' that are not intimately tied to new 'terms and conditions.' Those terms and conditions, better known as rights, were established in 2008. That was before the introduction of the iPad. Netflix was still doing little but mailing out DVDs. Amazon was known simply for selling books. This doesn't even begin to account for the new entrants now coming up the ramp who are interested in paying a fair price for the most desirable programming." Moonves said. "What you are asking for, pure and simple, is either to gain the right to deliver content for free that others are paying for, or to inhibit CBS from licensing content to existing online competitors and new companies that are now emerging. I can understand why you might want to preserve your dominance in that venue, but bullying us into becoming your accomplice in that effort doesn't seem fair."
Would these bazillionaires put their penises away and compromise, already? My poor friends and family back home in Texas are mad as hell about missing The Young and the Restless and The Bold and the Beautiful!
I guess the 2007-08 Writers Strike foretold more battles over the ever-expanding digital landscape. Content may be king, but distribution appears to be the member of the House of Parliament with the deciding vote! Read Moonves' entire open letter to Time Warner Cable CEO Glenn Britt here.
Photo credit for Glenn Britt: Time Warner Cable