How has the Internet changed tv?

With the decision by Netflix to show every episode of House Of Cards online and bypass the waiting period that usually accompanies a T.V. show appearing in England. This is seen as a monumental change in T.V. as Producer Peter Kosminsky says "arrival of online service represents 'end of an era' for traditional model of broadcasting" which shows that even people in the inidustry are worrying about the change that is occuring. When Netflix bought the rights to House of Cards in 2011 for a rumoured over $100 Million however there is other suggetions that its at a cost of $3million an episode whic would bring the price down to a mere $78 million at least. this was a huge gamble for Netflix as with it just being on the internet may cause problems as they may loose viewership as the show isnt subject to as much advertisement as shows that are on Sky and other channels.