Friday, July 10, 2009

Sun Valley: People will pay up for their internet addictions, says Malone

The internet's endless parade of free content has been the source of media industry angst in the media industry in recent years - but moguls attending the exclusive Sun Valley conference in Idaho remain optimistic that people will eventually be convinced to pay for access to websites like Facebook and YouTube.

"Sooner or later people are going to get addicted to some of these services and they'll be willing to pay for it," said John Malone, the chairman of American entertainment group Liberty Media.

Malone, whose company is a majority shareholder in News Corporation and also sits on the board of Discovery Networks, said that he believed there was still a chance to pay for online services.


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