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00:00How many years did you operate before you sold to Viacom? 20 years. You sold for roughly three billion dollars. Follow me. So in hindsight, had you held on longer, would it be worth more today or would worth less today because the cable world's changed so much? It would be, in my opinion, less today, because once streaming came along and the technology allowed people to have streaming where everyday could carry content on your phone, on your laptop, in your home, wherever you go. It changed the paradigm of cable and it allowed people to sort of pick and choose and the olive cart way what they wanted to watch. If you only want to watch Netflix, you just get Netflix cable. You are paying for a bundle even though you didn't watch all the channels. So some people were paying for if you weren't a sports fan, you're paying 30 cents, 30, 40 cents, whatever it is now for ESPN. But if you NYSE anything, you had to pay for it because it's part of a bundle.

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Bob Johnson Says He Sold BET at the Right Time

Bob Johnson, BET founder and RLJ Companies chairman, says he sold BET to Viacom at the right time and he talks about how streaming changed the cable industry forever. Johnson spoke on "The David Rubenstein Show: Peer-to-Peer Conversations" recorded Nov. 23 in Palm Beach, Florida. (Source: Bloomberg)

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