Netflix is changing the face of the entertainment industry.

Netflix is changing the face of the entertainment industry. PwC attributes traditional TV’s shrinking revenues to cord-cutters, and recommends cable, satellite, and telecom providers switch their strategy from marketing skinny bundles (which are actually cannibalizing their current customers) to investing in premium content—just like all the major streaming giants have done. PwC also anticipates that movie attendance will continue to fall as Netflix’s on-demand model closes the time gap between premieres and private viewing. (THR)