Netflix Boss Predicts the End of Broadcast TV Telecoms & Media
go to original December 25, 2014

Netflix CEO Reed Hasting has said that broadcast TV’s days are numbered.

The boss of the US-listed streaming service was speaking at a company event in Mexico this month when he made the bold proclamation that over the air TV will last another 16 years, suggesting it would become antiquated in the face of new platforms and services.

“Broadcast TV will probably last until 2030,” Hastings said in Mexico. He said broadcast was “kind of like the horse — you know, the horse was good until we had the car”.

Cable reaches about 100 million homes in the US although traditional pay TV subscriber numbers are in decline. There are about 125 million TV homes in total.

Netflix has expanded rapidly this year, launching in a swathe of European territories and announcing an Australian roll-out, which will take place early next year.

Read the rest at Informa Telecoms & Media

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