Reed Hastings may be rich, but he is a fucking moron. By his logic the greatest threat to entertainment is people who parent without screens.

You're misinterpreting what "threat" means. And in fact he used the word "competition."

He was talking about the "incumbent" they are trying to displace. Netflix's challenge was not getting people to switch from watching Hulu to Netflix, but to get them not to sleep in order to watch Netflix.

Evil maybe, but nothing moronic about it.