Here’s more evidence that Netflix is slowly chipping away at traditional TV viewing. According to a public Facebook post by CEO Reed Hastings, Netflix subscribers watched a total of 1 billion hours of video for the first time in June. Do a little back-of-the-envelope math, and that comes out to more than an hour of video per subscriber each day.
Considering the average viewer in the U.S. watches about five hours of TV a day, that’s a huge number worth watching. After all, there are only so many hours in a day, and if a Netflix subscriber is tuning in to an hour of video on the service, that likely means one less hour of actual live TV he or she is watching.
Via – TechCrunch
The era of on-demand TV is slowly approaching…when will the hours watched of on-demand TV match that of live TV?