Bill Gates: internet will revolutionize TV

Bill Gates has predicted that the web will cause a revolution in the television industry within the next five years.

Gates said that viewers will soon be able to access programming on a more flexible basis than is available with traditional televisions. Gates is 'stunned' that not many people could see this vision now. As he found the Internet presentation of these things is vastly superior.

Currently, the practice of downloading tv series and hit shows is becoming more widespread, with millions of people using peer-to-peer software to obtain material that can be made available within hours of the show being aired.