Netflix CEO Says Linear TV Will Be Dead in "Next 5 to 10 Years"

Netflix CEO Reed Hastings has shared his thoughts on the future of linear TV, meaning, the classic system where a viewer watches a show when it airs on its original channel."It's definitely the end of linear TV over the next five to 10 years," Hastings said during an investor's call on Tuesday while talking about Netflix's subscriber results for Q2.Although Netflix lost nearly a million subscribers in Q2, it continues to come out on top as the biggest streaming service in the world. The loss was...