NETFLIX CEO ON THE TV INDUSTRY - Business Insider: Netflix CEO Reed Hastings.
Hastings said:
Linear TV has been on an amazing 50-year run. Internet TV is starting to grow. Clearly over the next 20 years Internet TV is going to replace linear TV.�And so I think everyone is scrambling to figure out how do they do great apps, how do they things like "Noggin" which are fantastic. That will just keep getting built up and so it's a transition into figuring out the Internet. And the way people do that is to get involved with us, with our competitors to try to start to learn what are the new patterns and modalities because Internet TV is the way that people will consume video in the future.
Hastings said:
Linear TV has been on an amazing 50-year run. Internet TV is starting to grow. Clearly over the next 20 years Internet TV is going to replace linear TV.�And so I think everyone is scrambling to figure out how do they do great apps, how do they things like "Noggin" which are fantastic. That will just keep getting built up and so it's a transition into figuring out the Internet. And the way people do that is to get involved with us, with our competitors to try to start to learn what are the new patterns and modalities because Internet TV is the way that people will consume video in the future.