Even This Cable Legend Thinks Netflix Has Already Won the Streaming Race

Even This Cable Legend Thinks Netflix Has Already Won the Streaming Race

With all the talk of media mergers these days, there's been an ongoing debate as to whether other content producers could potentially catch up to Netflix (NASDAQ: NFLX) in the streaming races. Well, one of the founders of modern cable, John Malone of Liberty Global (NASDAQ: LBTYA), has weighed in. And his answer: Nope.

Recently, John Malone sat down with CNBC's David Faber for a 45-minute interview. While the interview was a wide-ranging look at the modern media business, there was a lot of airtime given to Netflix. Malone believes one can't help but, "take your hat off and envy what [Reed Hastings] has built." Malone once advocated that cable companies should band together for their own Netflix-like service, but now even he admits it's, "way too late." Here are the reasons why.

Image source: Netflix.

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Source: Fool.com