Streaming is on the up. And in 20 years, it will have completely replaced traditional broadcast TV. At least, that’s according to Reed Hastings, CEO of streaming service Netflix.
“We’ve had 80 years of linear TV, and it’s been amazing, and in its day the fax machine was amazing,” he told the New York Times.
“The next 20 years will be this transformation from linear TV to internet TV.”
Others disagree. They think broadcast TV will continue to co-exist with streaming.
You can’t argue with Netflix’s success though. In the last three months of 2014, it added almost five million customers, bringing its total to over 60 million worldwide.
It’s currently in over 50 countries, and aims to be in every country in the world by 2017.
However, it faces stiff competition from Amazon and HBO Now, which launched recently.
Hastings said these rival services are good for the market, because not only do they increase creativity, they also help streaming to become a better alternative to broadcast TV.
“I predict HBO will do the best creative work of their lives in the next 10 years because they are on war footing,” he said.
“They haven’t really had a challenge for a long time, and now they do. It’s going to spur us both on to incredible work.”