Netflix CEO Reed Hastings, in a speech in Mexico City in November, said OTT services like Netflix will make over-the-air broadcast TV obsolete by 2030, using the analogy of the horse and buggy being replaced by the car.
“It’s kind of like the horse, you know, the horse was good until we had the car,” he said. “The age of broadcast TV will probably last until 2030.”
Hastings has been predicting broadcast TV’s demise for years. Back in April 2013, in an 11-page document on Netflix’s web site, he said the television landscape would evolve into a world with no channel bundles. “Over the coming decades, Internet TV will replace linear TV.”
Netflix now claims to serve roughly 53 million subscribers globally.