Reproduction permitted for personal use only. For reprints and reprint permission, contact

Viacom CEO: Our strength is not technology

Source: Mashable
February 1, 2012
“We know what we do well,” Philippe Dauman, president and CEO of Viacom, said on stage at AllThingsD‘s Dive Into Media conference in Laguna Nigel, Calif., Tuesday morning. “We create content in many forms and work across multiple screens. We work with partners all over the world. But what we don’t do well is run a technology company,” he admitted.

As such, Dauman said Viacom would “prefer to work with Hulu as a distributor than own all of Hulu.”

The comments came in response to a question about whether Viacom would ever want to own or develop its own Hulu or Netflix-like offering. At times, rumors have circulated that Viacom has bid for online media distribution properties YouTube and Viacom does own a stake in Epix, frequently dubbed the “Hulu of movies,” which allows cable subscribers to stream movies online.

Dauman’s comments suggest that Viacom isn’t developing or planning to acquire a pure online media distribution service, nor should we expect one from the cable giant any time soon.

Read full article>>

-Add Your Comment


Comment Policy: WTN News accepts comments that are on-topic and do not contain advertisements, profanity or personal attacks. Comments represent the views of the individuals who post them and do not necessarily represent the views of WTN Media or our partners, advertisers, or sources. Comments are moderated and are not immediately posted. Your email address will not be posted.

WTN Media cannot accept liability for the content of comments posted here or verify their accuracy. If you believe this comment section is being abused, contact

WTN Media Presents