Michael Beach, Cross Screen Media CEO, comments on the major entertainment conglomerates in a recent Observer interview. Read the full article here.
“‘Companies like Netflix can rack up losses as long as they are hitting growth targets and are still rewarded with high valuations and more capital,’ Michael Beach, CEO of Cross Screen Media, told Observer earlier this year. ‘These companies—Disney, etc.—have to grow profit aggressively or are punished by Wall Street. This makes it very hard for them to innovate in any way that would disrupt their current cash cow. Google will probably be able to run YouTube TV at a loss longer than WarnerMedia due to Wall Street expectations.’”