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 …
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Netflix turns to TV shows after the movie industry tries to bully the company
Netflix is now primarily an Internet streaming service for television shows, not feature films. TV series now account for more than half of all Netflix viewing. That helps to explain why this Wednesday (Feb 29, 2012) — the long-awaited moment when motion picture classics like “Scarface” and newer hits like “Toy Story 3” will vanish …
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