Television As We Know It On Its Way Out?

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Written by: kjones | Best Company Editorial Team

Last Updated: June 26th, 2019

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Sixteen Years.

That's how long Netflix CEO Reed Hastings believes broadcast television will exist as we know it. To prove his point, Hastings has scheduled a summit (to be held in Utah of all places) which will host executives from all major streaming services worldwide. Those invited will be discussing the future of the industry.

"It is a one-day discussion on the future of Internet TV, bringing together our friends from the entertainment and technology industries," Netflix Executives told The New York Post.

Not only will executives from streaming services be invited to the summit, but also many tech giants from around the world. Invitations have gone to such names as Mark Zuckerberg, Dick Costolo and Marissa Mayer. Netflix is still waiting to hear back on who exactly will be attending.

"It's kind of like the horse, you know. The horse was good until we had the car," Hastings told the Hollywood Reporter last month. "The age of broadcast TV will probably last until 2030."

I guess we'll have a little while to see if he's right.

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