Hollywood Execs More Scared Than Ever of Netflix
CNET media correspondent Greg Sandoval takes the current temperature of Hollywood vis-a-vis unstoppable behemoth Netflix, and shares some interesting tidbits.
Based on the reporter’s latest conversations, Tinseltown remains stunned by the rapid growth of Netflix Streaming, with former supporters now weary of what it means to the traditional bottom line. Per Sandoval, the instant-watch aspects of Netflix are chipping away at the media conglomerate empire in all sorts of different ways:
Netflix siphons off sales in other important areas, such as from the airlines.
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