During a panel, the mogul also added that it would 'be a miracle' if Elon Musk makes money on his $44 billion acquisition of Twitter.
As far as gaining sustainable profitability in the space, Malone said he believes it “will take quite a while to sort out,” since consumers love high quality, but remain highly sensitive on pricing.
Netflix and other competitors are trying to combat that price sensitivity by launching lower priced advertising-supported tiers. Still, Malone said he does not know how big the advertising or consumer market is for that tier, given the sustainability and success of free content paid for with advertising as well as premium content with no advertising.
“It seems to me that subscription plus advertising for entertainment programming is a narrow choice,” he said.
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