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Netflix CEO Reed Hastings Believes Linear TV Will Die in '5 to 10 Years'

Television, as we know it in America, started in the late 1920 and early 1930s, per Be Businessed. Since then, we have had the opportunity to channel surf and enjoy our favorite shows and watch news broadcasts live with just the push of a button and a piece of furniture you can sit on with the whole family.
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Netflix Chief Reed Hastings Says ‘the End of Linear TV’ Is Coming ‘Over the Next 5-10 Years’

Netflix co-CEO Reed Hastings declared during the streamer’s Q2 earnings interview on Tuesday that linear television will go the way of the dinosaur within the next decade. “It’s definitely the end of linear TV over the next five to 10 years,” Hastings said while discussing Netflix’s financial and subscriber results on the pre-recorded Q&A, which came on the heels of the reveal that the streamer lost 970,000 subscribers in Q2. That loss was actually a win for Netflix, which had originally expected to lose 2 million subscribers by the end of June 30.
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Netflix Co-CEO Reed Hastings Projects ‘End of Linear TV’ No Later Than 2032

Click here to read the full article. After a rocky first quarter, Netflix is back to making bold claims about the future of entertainment. Co-CEO Reed Hastings kicked off the streaming service’s pre-recorded Q2 earnings interview on Tuesday, declaring the death of cable and satellite TV within the next decade. “Streaming is working everywhere,” Hastings said. “Everyone is pouring in. It’s definitely the end of linear TV over the next five, 10 years.” Hastings’ projection came following a question about Netflix’s better-than-expected Q2 subscriber numbers. Although originally expected to lose upwards of two million users, the streaming service reported just 970,000 cancellations...
TV & VIDEOS

Netflix Reset: After Layoffs, Reed Hastings Promises “Significant” Investments, but Where?

Netflix is in the midst of a reset, expanding its content purview and its core business model in ways that would have been unthinkable just a couple of years ago. At the same time, the company is facing new pressure, with subscriber growth stalled and competition that is catching up quickly. That is the background that undergirds Netflix’s “readjustment of the business,” to quote Netflix co-CEO Reed Hastings in a June 23 memo to staffers.More from The Hollywood ReporterJurnee Smollett Discusses 'Spiderhead' Secrets and the Future of Black Canary'Blade Runner: Enhanced Edition' Video Game Restored for Consoles, Steam ArrivesNetflix Cuts 300...
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THR’s Philanthropist of the Year Reed Hastings on Why “It’s Much Easier to Disrupt Entertainment Than Public Education”

Early on in Reed Hastings’ tenure as a board member of the KIPP Foundation, which runs a nationwide network of charter schools designed to help underserved communities thrive, they were faced with a key challenge. In 2011, they received statistics on the college completion rates of their students, and while they were comparable to the national average (33 percent vs. 32 percent, according to KIPP co-founder Dave Levin), they were a bit underwhelming ­— particularly considering the national debate on whether charters can deliver on their lofty goal of improving kids’ educational futures more than their traditional counterparts. Within the board,...
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Reed Hastings urges Class of 2022 to harness the power of inventions and stories

Reed Hastings, Stanford alum and co-founder of Netflix, encouraged graduates to harness the power of inventions and stories to drive societal change. Stanford’s Class of 2022 can look to the power of inventions and stories to drive human progress and address urgent issues facing the world such as climate change, Commencement speaker and Netflix co-founder Reed Hastings told the graduating class.
STANFORD, CA