The days of broadcast TV are numbered according to Netflix CEO Reed Hastings.
Hastings said that while traditional broadcast TV has served a purpose in the past, on-demand streaming will cause broadcast TV to die off within the next 16 years.
"It's kind of like the horse, you know, the horse was good until we had the car," Hastings said, according to The Hollywood Reporter. "The age of broadcast TV will probably last until 2030."
Netflix will debut the sequel to "Crouching Tiger, Hidden Dragon" the same day as it hits IMAX theaters, a move which Hastings said is "breaking the stranglehold that movie theaters have" on how movies are released.