FX Networks and others are in a battle with newcomers including Netflix, Amazon and Apple TV
John Landgraf, CEO of FX Networks and FX Productions, participates in the executive panel during the FX Television Critics Association Summer Press Tour at the Beverly Hilton on Wednesday, Aug. 9, 2017, in Beverly Hills, California. (Photo by Chris Pizzello/Invision/AP), photo: Invision/Chris Pizzello/AP
09 of August 2017 19:22:40
BEVERLY HILLS – The peak TV era of expanding programming choices is at risk of moving into an ominous state of monopoly, FX Networks CEO John Landgraf said.Viewers and those who make shows could be the ultimate losers, he said."I don't want artists to find themselves in a situation where there's only two buyers that matter," Landgraf told a TV critics' meeting Wednesday.Painting a dark picture of the broader U.S. economy, he argued that it's beset by a lack of market regulation that has allowed "one sector after another to be swallowed by a single company or a tiny handful of companies," from airlines to retail to social media.FX Networks and others are in a battle with newcomers including Netflix, Amazon and Apple TV that operate under an economic model that rewards increasing the scale of domination over current profits, Landgraf said.