Boss of Virgin Media owner claims Netflix has lost its ‘cool factor’

Mike Fries, the chief executive of Virgin Media's parent firm Liberty Global, has gone for the jugular in a public putdown of streaming service Netflix, by alleging that it has lost its "cool factor" and he no longer considered it a direct competitor.
Speaking at a board meeting in London, Fries dismissed his rival out of hand, believing that it had now peaked and would struggle to secure future growth.
He said: “Netflix is now more of a programme provider, like an HBO or a Sky Movies, as