A video clip of Ben Affleck talking about music and movie consumption has gone viral on Twitter.
A 15-year-old video of Ben Affleck talking about the music industry and movies on demand has gone viral on Twitter, where it was viewed more than 400,000 times.
“Ben Affleck perfectly predict Spotify and Netflix in a random 2003 interview,” Twitter user @backus wrote in the sharing of the clip on Sunday. “Almost exactly right about the unit economics of the annual music subscriptions, and the timing of the online film streaming.”
Affleck talked about customers with a subscription to access music in the sit-down discussion.
… wow. Ben Affleck perfectly predict Spotify and Netflix in a random 2003 interview
Almost exactly right about the unit economics of the annual music subscriptions, and the timing of the online movie streaming. Solid point on how shareware (Napster) is a necessary predecessor pic.twitter.com/mpEgRPK4zL
— John Backus (@backus) 8 July 2018
“I think an annual subscription-based system is one that works,” the Oscar-winner argued. “You need the music business – a 3.4 billion dollar a year business, okay? That is 1.7 million people in the country spending $ 200 on the music.”
Affleck added that customers “would spend that two hundred dollars per year, every year, to have access to basically the entire library of existing music.”
Premium, ad-free Spotify subscriptions currently cost $9.99 per month after a 30-day free window. The company also offers a free version includes ads.
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Movies on demand later in the Affleck interview, in which he predicted that would work in a “layered structure.”
“It will be, if you want to watch the first weekend, maybe it won’t be available first weekend,” the actor explained. “But then if you want to view it, you will pay more, and then when it comes to another stage in the release, it will be cheaper.”
Affleck went on, “But there is a lot more of the determination that must be done, technologically speaking, now before people can […] watch movies, or at least to integrate in terms of the PC-internet connection.”
He predicted that the technology would reach that point in no more than five years.
Netflix ultimayely reveals plans for computer-streaming in 2007, Mashable reported, four years after Affleck’s comments.