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Comcast CEO sees big changes coming with Time Warner and the web

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Comcast CEO sees big changes coming with Time Warner and the web

Comcast's giant merger with Time Warner Cable was main topic of discussion at TechCrunch Disrupt and Neil Smit, Comcast President and CEO, lead off the conversation saying all its customers have a lot to look forward.

Firstly Smit noted Time Warner Customers will be able to use Comcast's freshly launched X1 entertainment operating system, which combines video and Internet into one set-top box.

Smit shared that Comcast plans to up its broadband speeds further into the future. Smit did not specify exactly what these faster speeds would be but he highlighted the way the company has increased the throughput of its broadband service 13 times over the last 12 years.

"We're investing heavily into the Wi-Fi network, which we announced last week that we are going to be up to 8-million hotspots across the country by the end of the year," Smit said.

"We think it's a great value proposition to the customers," Smit said, noting that its merger with Time Warner Cable does not eliminate a competitor. "We think we can bring great new products and services to the customers in these markets."

Netflix nemesis

In reaction to other news, Smit added a bit more context his company's allegations against Netflix, which accused the video streaming company of purposely degrading the quality of the content streaming to Netflix customers.

"[Netflix has] a couple of big costs, content costs and transport costs and I think Netflix is just working on reducing its transport costs and that's business," Smit said.

The future of cable

Netflix aside, Smit acknowledged that the world of video is shifting between Facebook, YouTube, streaming video and even Amazon's new content deal with HBO.

With the walls closing in, Smit defended his service saying that "Hopefully we provide you more services and more content in a better way to get to your content."

"We think we have the biggest library of content in both live and library of anywhere," he said claiming Comcast has 55,000 video on demand choices and 300,000 online choices.

Further down the line, Smit believes the future of cable won't die in one cataclysmic event but that it will instead shift with the times.

"I think there are going to be different choices to seek out different solutions and we'll see how they evolve," he said. "I don't think it's going to be one cataclysmic event, there will be different packaging variances and the product will evolve and become more personalized and mobile."

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