Rupert Murdoch believes it would be "a big mistake" for studios to offer HD versions of their films on TV at the same time those films are in theaters.
“It’s going to tighten up, but I don’t think you are going to see simultaneous release,” News Corp.’s chairman and CEO told TheWrap Wednesday night. “It would be a big mistake.”
Murdoch, who declined to elaborate, made the comments after being honored with an American Horizon Award at the Media Institute’s annual dinner in Washington. The Media Institute promotes freedom of speech, a competitive media and excellence in journalism.
The comments came four months after the Federal Communications Commission approved changes to federal rules that studios sought in order to allow quicker release of films.