Coming off a better quarter than anticipated, Netflix founder Reed Hastings today was showing some swagger again and a lot of gratitude to the first part of Stranger Things‘ latest season.
“Streaming is working everywhere, everyone’s pouring in,” the co-ceo said Tuesday following the company’s second quarter results. “It’s definitely the end of linear TV over the next five to 10 years, so very bullish on streaming,” Hastings added in his latest prediction on the death of the broadcasters.
A prediction that Hastings in 2014 said would occur by 2030. A prediction that Netflix looked to assert with data included in their letter to shareholders after the market closed today – as you can see below:
A big part of the Q2 results for Netflix over the last three months, after a painful Q1 with the company’s first ever subscriber losses, had to come out of the 1.3 billion hours viewed...
“Streaming is working everywhere, everyone’s pouring in,” the co-ceo said Tuesday following the company’s second quarter results. “It’s definitely the end of linear TV over the next five to 10 years, so very bullish on streaming,” Hastings added in his latest prediction on the death of the broadcasters.
A prediction that Hastings in 2014 said would occur by 2030. A prediction that Netflix looked to assert with data included in their letter to shareholders after the market closed today – as you can see below:
A big part of the Q2 results for Netflix over the last three months, after a painful Q1 with the company’s first ever subscriber losses, had to come out of the 1.3 billion hours viewed...
- 7/19/2022
- by Dominic Patten
- Deadline Film + TV
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