A while back, Time Warner CEO Chairman and CEO Jeff Bewkes, wasn’t so fond of streaming video. More or less, he felt it had no redeeming quality and would die a quick death.
Fast forward to today, and now he’s a big fan, even suggesting streaming video has stabilized the company and its strategic path. All the traditional advertising revenue TWC had been relying upon can now be augmented, and perhaps supplanted, with new revenue streams in the form of partnerships with the likes of Netflix and Amazon.