I was curious if this statement was true...
So assuming, 4.4 GB her HD film & 2 hrs long each, you can fit roughly 232 films per TB or 232,000 films total (for 1000 TB), that's 464,000 hours of HD content or 53 years (!) back to back.
So, yes, that statement is true. Now the next logical question: Has the human race produced 464,000 hours of video content?
Let's assume there are around 100 cable channels showing content in HD video 24/7 (with no overlap, there are more but a lot of duplication). That's 2,400 hours of content a day, 876,000 hours a year or 101 years back-to-back worth of watchable content shown each year.
But realistically that will be at least 70% duplication (particularly looking at it over several years). So even if we just look at 24/7 news and shopping channels which always produce original content, you're still talking about easily 200,000+ hours/year.