News.com covered a wide-ranging discussion on tech trends at the Milken Institute’s Ninth Annual Global Conference, held this week in Los Angeles.
While consumers’ desire for home-grown content and social networking has grown with the rise of sites like MySpace.com and YouTube.com, so has their demand for branded content.
“What’s both exciting and frightening is the pent-up demand for video products,” News Corp. President and Chief Operating Officer Peter Chernin said. “We did a survey and more than 90 percent of (users’) favorite material on (video sharing site) YouTube.com is copyrighted material (from studios).”
We reported earlier on Mark Cuban’s belief that “our telecommunications infrastructure is woefully unprepared for widespread delivery of advanced services, especially video, over the Internet.” So, if you believe Cuban, coming up with interesting content is not the problem. Coming up with a broadband infrastructure to meet the demand for such content is.
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Bullshit. Anyone who didn’t see this coming was blind. Video compression output is only getting better and better. Google video is doing mighty well too.
-Milo
it is not just a coincidence that this entry is just on top of the TV VS Web advertising spending debate. Web content is speedly becoming video-centric while a conventional media mogul like News Corp. acquires MySpace. As Web becomes a greater revenue source for content sales and advertising – investment in infrastructure will follow too. Good old demand & supply equilibrium