Netflix, home of TV shows like House of Cards and Orange is the New Black, will be adding another string to its bow with the announcement that it’s going to begin releasing original films. Its first is Beasts of No Nation – from the director of True Detective – and will be released in October 2015.

Watching programmes online has become an everyday part of life for a huge number of people, with young audiences spending their days looking forward to a weekend of Netflix. But has our love of binge-watching and online streaming increased the time we spend watching TV?

With on-demand services thriving and viewer numbers falling, is the golden age of TV over? Canvas8 spoke with Alan Wolk, author of Over the top: How the internet is slowly (but surely) changing the television industry, about how TV will adapt and whether the traditional ad model will survive.

We've never been so interested in TV shows - but we aren't watching TV. Instead, we're turning to online video - whether it's Netflix or YouTube. But new technology isn't solely responsible – a wider shift in lifestyles is creating a natural path towards hyper-diversification.