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All TV will be Internet in 10-20 yrs, Claims Netflix CEO

Netflix is the VOD service that not only allows for TV shows and movies to be streamed, but also creates its own original programming. It reported a fantastic quarter in July, with confirmation that it added 3.3 million new subscribers. It is also expanding its international footprint substantially, and we think it could even take over the whole world by the end of the year next year if it wanted to.

It’s been pointed out that 13 years ago, Netflix traded at just 85 cents a share; it closed at $102 a share on Friday. Hastings explained the fast growth of the company, stating “It’s really the Internet. The Internet is transforming so many sectors of our economy, and we are Internet TV; and that sector has grown from very small 15 years ago to starting to be significant now.”

Read the entire story here.

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