In 2010, Jeff Bewkes, then CEO of Time Warner, was asked if he thought Netflix had any chance of taking over Hollywood. His sarcastic answer deserves to go down as one of the all-time dumb predictions. Bewkes (like the dude who wrote the internal Western Union memo that said telephones were a waste of time) was not taking Netflix seriously: ‘Is the Albanian army going to take over the world?’

A decade later, Netflix is not Albania.