Netflix chief executive predicts death of ‘Broadcast’ TV by 2030

While people around the world still tune into the box for their daily soap opera and news updates, Netflix chief executive predicts ‘Broadcast’ TV will be dead by 2030, reported

The OzTAM, Regional TAM and Nielsen’s Multi-Screen Report revealed that the average Australian watches 97 hours of television each month.

However, with new cable-cutting streaming services, the article quoted Reed Hastings as saying television is "kind of like the horse, you know, the horse was good until we had the car."

The news comes after the Government made cuts to the ABC’s budget by $254 million over five years, resulting in a raft of job and programming cuts.

Community and Public Sector Union President Michael Tull said the cuts are the Government’s and it should own up to them.

“We will be looking for more detail and justification for these cuts. We are absolutely opposed to compulsory redundancies and we will fight them tooth and nail. We want to protect as many jobs as possible. The ABC must consult with staff and we will be reminding ABC management of that legal obligation.”