NetFlix Predicts DVD’s Demise…Soon.
In a Reuters article, Reed Hastings, chief executive of Netflix Inc. said,
“We think the by-mail business is very strong but will probably peak in the next five years,” said Hastings at the Netflix Investor Day in San Francisco on Wednesday. A slide at the presentation showed the peak in five to 10 years.”
Yup, they see the future is in direct downloads and VOD and that means the general future for hard disc technology may be going the way of the VHS. This isn’t all that surprising but it does raise the stakes for all the traditional media distributors. Will they learn any lessons from the music industry?
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May 29, 2008 3:13 pm
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