Netflix CEO says broadcast TV will be dead in 16 years
During a speech Monday in Mexico City regarding Netflix’s burgeoning presence in Latin America, Netflix CEO Reed Hastings explained how broadcast television will be another casualty of evolution. According to The Hollywood Reporter, Hastings claimed “broadcast TV will probably last until 2030,” painting broadcast TV as “kind of like the horse, you know, the horse was good until we had the car.”
Hastings has been spreading the gospel of broadcast TV’s demise for years. Back in April 2013, in an 11-page document on Netflix’s website, the maverick CEO predicted a world with no channel bundles and that “over the coming decades internet TV will replace linear TV.” In the year and half since the document was posted, HBO, Showtime and CBS have all announced standalone apps, while satellite provider Dish Network is preparing an over-the-top Internet pay-TV service featuring bundles of Disney-owned properties like ESPN, as well as channels like A&E, and others.