He's not really using his terms very well. He seems to be defining Netflix and Hulu as primarily television companies as opposed to internet companies. He says so at this point:
Netflix bills itself as a disrupter of television - except that it is television, paying Hollywood and the TV industry almost $2 billion a year in licensing and programming fees.
You can certainly make an argument for that. They are certainly a blend of the two. His argument is really much more about subscription services versus ad-supported services.