Netflix: No Way They’re Giving Apple 30%, Says Tilson
T2 Partners managing partner Whitney Tilson was on CNBC earlier today, among the topics of discussion being the interaction of Netflix (NFLX) and Apple (AAPL), given Apple’s announcement yesterday that users of its systems will be able to sign up for Netflix’s streaming service directly through Apple’s iTunes. “The iPad’s a big plus for Netflix [...]

T2 Partners managing partner Whitney Tilson was on CNBC earlier today, among the topics of discussion being the interaction of Netflix (NFLX) and Apple (AAPL), given Apple’s announcement yesterday that users of its systems will be able to sign up for Netflix’s streaming service directly through Apple’s iTunes.

“The iPad’s a big plus for Netflix for two reasons. One is, it’s just a much higher-resolution screen, so it’s just a much better viewing experience for all of Netflix’s customers. But secondly, Netflix has a much higher profile positioning, it’s much easier for Netflix to capture new customers through iTunes and so forth.”

Tilson suggests rumors the company would have to pay Apple 30% of its revenue were false. “It has not been disclosed what the economic terms are, but I can promise you it will be nothing close to that. It’s a win-win here.”

Netflix shares today are up $2.96, or almost 3%, at $108.18.

Below is the video. The discussion of Netflix comes at about 4:50 in the segment.

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