A few weeks back, we posted some comments by Netflix CEO Reed Hastings in which he said the following about the future of the DVD format:
“There will be people doing DVD-by-mail in 15 or 20 years, so I think DVD will last a long time. Our best guess is that DVD will peak for us in 5 or so years. But it is continuing to grow.”
In an interview with the Motley Fool this week, however, Hastings shortened his estimate of DVD’s remaining time as Netflix’s “primary delivery format” to two years. Hastings went on to reaffirm statements that he has made earlier that DVD would stick around in some form for at least a decade or more.
Hastings didn’t clearly state which format would become Netflix’s new dominant delivery method, but the company has continued to ramp up the number of titles it has available for streaming and on Blu-ray discs.
Shifting topics, Hastings also interestingly stated that the two most popular monthly plans among Netflix subscribers are the $8.99 and $ 13.99 plans, which allow one and two movies out at a time, respectively.
Let us know what you think about Hastings’ departure from his earlier prediction about the DVD format’s longevity. Just semantics, or is there more to it than that? Do you think he’s offering a peek into changing studio attitudes towards alternative methods like streaming?