Tuesday, Sep 27, 2016
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Netflix CEO, cable execs reportedly in talks

NEW YORK -- Reed Hastings, chief executive officer of Netflix Inc., has quietly met with some of the largest U.S. cable companies in recent weeks to discuss adding the online movie streaming service to their cable offerings, sources familiar with matter told Reuters.

The talks could lead to Netflix becoming available as another on-demand option for cable subscribers through their set-top boxes, according to three people familiar with the talks. If a partnership came to fruition, a cable operator might offer Netflix as an additional option added onto a subscriber’s cable bill, according to a fourth person.

Any partnership would be a major about-face for many in the traditional cable industry who had initially seen Netflix as a threat to their $100 billion-a-year business.

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