Netflix CEO Reed Hastings believes traditional broadcast TV is operating on borrowed time, and it might not last past 2030. It's not necessarily surprising, as Hastings has painted a doom and gloom picture for broadcast TV over the past couple of years, though it appears to be coming true. There are currently more than 34 million Netflix subscribers in the United States, while the service continues to roll out in overseas markets.
"It's kind of like the horse, you know, the horse was good until we had the car," Hastings reportedly said. "The age of broadcast TV will probably last until 2030."
Even if broadcast TV continues to persevere, there is growing interest among premium movie channels and broadcasters - HBO, CBS, and other channels are dabbling in subscription online video services. It wouldn't be surprising to see traditional TV apps becoming apps on connected smart TVs, Blu-ray players, and other entertainment devices.
Last updated: Jun 16, 2020 at 04:29 pm CDT
- > NEXT STORY: Apple iOS 8.0/8.1 usage now accounts for 60 percent of mobile devices
- < PREVIOUS STORY: Survey finds a lot of Americans want drones to deliver their packages