Netflix’s CEO is prepared for TV to die

An image of Netflix CEO Reed Hastings speaking, the logo for Netflix appears behind him.
Photograph by Christophe Archambault/AFP by way of Getty Photos

Netflix needs linear TV to die. CEO Reed Hastings has been banging the TV homicide drum for greater than eight years now, and within the investor name at this time, he reiterated his perception, confidently saying that Netflix was in a terrific place as a result of linear TV can be useless in “5 to 10 years.”

Hastings is financially incentivized to say this. One of many greatest opponents for the most important streaming service on the planet is the set of completely free streaming channels that beam into any TV with an antenna, and their costlier buddies on cable TV.

Netflix wants linear TV to die as a result of it wants the streaming holdouts nonetheless utilizing linear TV. It shed a whopping 1.three million subscribers throughout the US and Canada within the final three months, in response to its 2022 Q2…

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