In 15 years or so you will no longer watch TV series, movies and other stuff via broadcast TV, says Netflix CEO Reed Hasting. He compares broadcast TV to the horse, which was good until the car came around.
Broadcast TV will be dead by 2030
Are you still watching TV channels? Are you still letting others decide when to watch a show? That will change in the next two decades, believes Netflix’s Reed Hasting. In fact, he believes that broadcast TV will be dead by 2030.
- "It's kind of like the horse, you know, the horse was good until we had the car," he said to at a conference according to Hollywood Report and continued; "the age of broadcast TV will probably last until 2030."
Hasting is obviously not predicting that live events such as live sports will go away, but he believes that broadcast TV – or TV channels – with weekly schedules will disappear.
So how will Netflix make that happen? Netflix will continue to produce original TV series, documentaries and even movies. Netflix’s first movie will debut in 2015. He also believes that the TV market will transform into being a global business, which will make it easier to negotiate rights, instead of today where Netflix has to negotiate rights for each country. Netflix has repeatedly said that it has no intentions to start streaming sports.
Time will tell if things play out as Hasting predict, but Netflix should have a pretty good idea of how consumer habits are changing these years. Netflix currently has 57 million subscribers, adding more than 1 million new subscribers per month. The streaming company has just expanded to some of the largest countries in Europa and will expand to Australia in early 2015.
Netflix’s vision of the future is also available in full length here. Netflix is also predicting that the streaming will drive Ultra HD, which is already happening, albeit slowly.