October 9, 2009 /

CEOs Don’t Really Know About America

I was just reading the following blog post: The days of building your precious DVD collection may be coming to an end sooner than you think. If Netflix CEO Reed Hastings’ comments are any guide, the DVD era may be set to come to a rather abrupt halt. Specifically, Hastings said in an interview with […]

I was just reading the following blog post:

The days of building your precious DVD collection may be coming to an end sooner than you think. If Netflix CEO Reed Hastings’ comments are any guide, the DVD era may be set to come to a rather abrupt halt.

Specifically, Hastings said in an interview with The Motley Fool website (digested here) that DVD will only be the “primary delivery format” at the company for the next two years, though he did add that it would stick around in some fashion for the next decade or two. That’s a huge pull back from Hastings’ previous prognostication; the Netflix boss had formerly predicted DVD would remain the company’s primary format until as late as 2018.

Basically Hastings is saying that people will go to their set top boxes, which require high speed internet. The problem is this country is way behind countless others when it comes to broadband coverage. I live 30 miles north of Cincinnati and a mile up the road they have no broadband coverage. Until this country gets its act together and starts welcoming the 21st century then predictions like Hastings are way too premature.

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