Good morning TV, you’re looking so healthy
Business analyst Henry Blodget offers his opinion that there is no way to save the traditional television industry. Basically, he suggests that the lower revenues Internet distribution provides are not sufficient to support their existing cost structures.
He details the fundamental realities that TV has relied on since its inception, then lists the Internet-enabled changes underway that are eliminating these realities. It’s a deliberately provocative but thought-provoking essay.
At no point does Blodget say that content will be free. But he does say that content providers should give up on “consumer-unfriendly” and restrictive solutions that do nothing but shore up existing and doomed business models.
(Title lyric from Blur.)