John Malone Says Pure-Play Content Producers Are Not "Great" Creators Of Wealth

John Malone Says Pure-Play Content Producers Are Not “Great” Creators Of Wealth by Georg Szalai, The Hollywood Reporter

As Liberty Media shareholders approve the creation of three tracking stocks, the mogul says Reed Hastings “has built himself a wonderful business” and touts the Atlanta Braves’ “major real estate business.”

Liberty Media chairman John Malone on Monday once again argued that there has traditionally been more long-term value in distribution businesses built on content than pure-play content producers as Wall Street continues to wait for possible content sector consolidation driven by the media mogul who owns stakes in Lionsgate, Starz and Discovery Communications, among others.

The value of pure content production companies can go up and down based on hits and...