Netflix and Amazon Aim to Cancel Traditional TV

Stay tuned to see if they can do it.

Demitrios Kalogeropoulos
Demitrios Kalogeropoulos and Erin Miller
May 18, 2013 at 7:00PM
Consumer Goods

Netflix (NASDAQ:NFLX) and (NASDAQ:AMZN) are hoping to rewrite the rules on television by replacing the inefficient broadcast model that sends so many new TV shows to the dustbin after just one season.

Each company has its own approach. Amazon is asking its viewers to decide which pilots get made into full series. And Netflix has its data-driven strategy, letting the algorithms decide. In the following video, Fool contributor Demitrios Kalogeropoulos discusses why both companies think they have the leg up over networks such as Comcast (NASDAQ:CMCSA) NBC and Disney's (NYSE:DIS) ABC.