Netflix CEO Reed Hastings has invited the top executives in the entertainment industry to a one-day discussion about the future of online television.
The summit will gather the execs at a Utah resort next month with invitations to the event extended to executives like CBS CEO Les Moonves and HBO CEO Richard Plepler, according to Re/code.
Both HBO and CBS have launched standalone paid streaming services, a sign that traditional media companies are finally moving into the territory dominated by Netflix. Starz launched a subscription video service internationally, Starz Play, focusing on emerging markets in Asia and Africa, but Starz has no plans to launch a similar service domestically. More companies seem poised to follow in a similar fashion.
