[seanalltogether]

Of course the networks will continue to matter, they're the ones who own all the existing content, have all the relationships, and have a shit ton of money. It will be painful for traditional networks to transition, but at the moment netflix really isn't holding that many cards. The movie and tv industry is rightly labeled as a collection of cartels, and for now they're giving netflix breathing room to grow, so that over the course of the next 10 years they can bleed them for all they've got just like they do with satellite, cable, and movie theaters.