Netflix is starting to wound the movie industry where it hurts most

Back-to-back double-digit attendance declines among young consumers seem to point to something deeper than which selection of superheroes hit the theaters in 2014. The worst fear of Hollywood is that the youth demographic is simply drifting away from old entertainment consumption patterns, seduced by video streaming on a variety of platforms and particularly the explosion of content on smartphones. […] Probably the worst threat to traditional movie business is the streaming cornucopia offered by Netflix. It’s bad enough that Netflix is offering a relatively broad range of TV series and movies produced by a variety of studios. But now, the company is ramping up its own content production — and much of it is aimed directly at young people between the ages of 12 and 24. – Tero Kuittinen,BGR
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