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Verizon CEO: 'Technology Will Make Hulu Irrelevant'

Complete video at: Ivan Seidenberg, CEO of Verizon Communications, defends his statement that "technology will make Hulu irrelevant." He responds by saying that while Hulu's flexibility appeals to the modern consumer, he thinks that "in two years it Hulu won't matter." ----- The Paley Center for Media's International Council 2009 NYC brought together the industry's top innovators from across the globe for the most talked about media event of 2009. The session features a conversation between Ivan Seidenberg (Chairman and CEO, Verizon Communications) and Philippe Dauman (President and CEO, Viacom Inc.). David Faber (Anchor, CNBC) moderates. - Paley Center for Media Ivan Seidenberg, chairman and CEO of Verizon Communications, was instrumental in forming the company through a number of mergers and acquisitions, including Bell Atlantic and NYNEX (1997), GTE (2000), and MCI (2006). He also helped create what is now Verizon Wireless in 1999 by bringing together the assets of Bell Atlantic Mobile, GTE Wireless, and the US properties of Vodafone AirTouch. Prior to the creation of Verizon, Mr. Seidenberg was chairman and CEO of Bell Atlantic and NYNEX. He began his communications career more than forty years ago as a cable splicers assistant. In 2007, President George W. Bush named Seidenberg to the National Security Telecommunications Advisory Committee, which advises the president on communications issues related to national security, emergency preparedness, and the protection of critical infrastructure. He is a member of The Paley Center for Medias Board of Trustees.
Length: 03:14


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