Will streaming replace traditional TV?
Posted by FreedomNet
With the rise in popularity of Netflix, Hulu, and other streaming services in recent years, is traditional TV dyeing? Netflix CEO Reed Hastings thinks so. “According to CNBC, he predicts that all of TV will move to the Internet within the next 10 to 20 years.”
When Hastings started Netflix, He would have bet that the Internet would take off because of the “the great consumer experiences that the Internet allowed.” With Netflix numbers sky rocketing with an estimated 3.3 million new subscribers in their last quarter. Complex.com wrote that “back in 2002, the streaming site went for merely 85 cents a share and last Friday, it closed at $102 per share.”
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