Netflix’s CEO wants Linear television to extinguish

Netflix’s CEO, Reed Hastings in an investor call today reiterated his belief by confidently saying that Netflix was in a great place because linear TV would be dead in “5 to 10 years.”

Netflix needs linear TV to die because it needs the streaming holdouts still using linear TV. According to its 2022 Q2 earnings report, It made a whopping 1.3 million subscribers across the US and Canada in the last three months.

According to The Verge, with more than 220 million paying customers worldwide, it’s essentially found as many subscribers as it’s going to. It’s making efforts to gain subscribers: it’s got its incoming ad-supported tier (which won’t include all the content you get now), and it’s going to try and end the practice of account sharing—forcing sharers to subscribe or go without streaming to any screen bigger than a laptop.

“But when you’ve basically got as many subscribers as you can currently, you need your competitors (linear TV, YouTube, TikTok, the great outdoors, etc.) to do worse. So yes, of course, Hastings wants linear TV to kick the bucket,” a source as per The Verge.

On the other hand, Broadcast TV is also about to get a major upgrade in the form of ATSC 3.0. While its rollout has been glacial, the new standard for broadcast television assures all kinds of quality improvements that streaming charges a premium for. ATSC 3.0 supports 4K, and 120 frames per second, a wide color gamut, and HDR.




Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

function init() { var vidDefer = document.getElementsByTagName('iframe'); for (var i=0; i