MD Pagan : & Company

Netflix, and the destruction of broadcast Television

It isn’t exactly news that TV is changing, but no one is more aggressively out to kill TV than Reed Hastings CEO of Netflix.

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“Sometimes I say that linear TV is like the fax machine. In the ‘80s and ‘90s the fax machine was amazing. But then you started attaching files on documents and the fax machine was not so amazing. Linear TV, it completely transformed society. But now there’s something better: Internet TV.”

 

To the modern consumer, this may not come as any surprise that traditional linear (broadcast) TV as we know it is on it’s way it.  But that isn’t what everyone thinks throughout the globe in the television business.  AOL has been acquired by Verizon for $4.4 Billion, Yahoo! has partnered with the NFL to deliver the what they call the “first-ever global live stream,” and in the midst of it all, Netflix is now more valuable than CBS.

As technology moves everything forward at a much faster tempo than ever before, fret not. It’s important to be agile, and realize that it’s never too late to change. I’m excited about the changes happening in the world, and equally enthusiastic to be a part of that growth.

– Michael David Pagan