Linear TV is the new fax machine
Reed Hastings, CEO of Netflix, in an interview on The New York Times:
We’ve had 80 years of linear TV, and it’s been amazing, and in its day the fax machine was amazing,” he said. “The next 20 years will be this transformation from linear TV to Internet TV.”
Netflix shares soared about 25 percent last week on news that it had added a record 4.9 million subscribers in the first quarter of 2015, bringing its total number of paid streaming subscribers to 59.6 million. The company beat expectations for growth and gave investors reason to believe that it still has much more room to grow.