The Lede, Monday, July 23, 2018
By David Royse
Will This Revolutionizing Be Televised? Or Streamed?
If you’re like me and you get your “TV” through the internet, it may seem like cable and satellite companies are a throwback to days of yore. But for all the promise of a move to streaming our entertainment, the inroads the industry has made are far, far from changing the way most of us entertain ourselves. More than 90 percent of Americans still get their TV shows and entertainment through cable or satellite. The “streaming revolution” is growing like crazy (75 percent growth in the last year in subscribers) – but it’s a long way from replacing the Cable guys.
More from The Information
Swimming Down Stream
Regardless of the entrenched nature of the old fiber optic cable and sat dish world, the purveyors of the stuff that actually comes into your TV are still hedging against a move to a streaming world..
Variety: “Get ready for streaming-video counterparts to some of your NBC News and MSNBC favorites.”
Another story recently from The Information indicates that Walmart also thinks streaming video is an important enough part of the future landscape to consider a costly new venture – it may be considering its own streaming video service to compete with Amazon and Netflix.
Streaming Media Europe: A few million people streamed World Cup matches through the BBC (more than 65 billion in all during the tournament). (And the fact that there’s at least one whole news site dedicated to streaming may tell you something, too).
More Changing World and Emerging Industries News
Is the United States at a tipping point in terms of marijuana legalization? Wash Post
ONE THING YOU MAY NOT HAVE SEEN:
This guy flies around with a working jet pack – and he’s selling it.
NOTES FROM THE AGE OF DISRUPTION:
The University of Munich engineering team won SpaceX’s hyperloop challenge and set a new speed record for the competition. TechCrunch
Nearing a billion in ad revenue plans to go public next year. CNBC
Asked some suppliers to return some of the money it paid as the company tried to show a profit. Bloomberg (citing WSJ)
Alphabet reports earnings later today. Facebook Amazon and Twitter all report this week as well.
Also of interest today:
India’s schools can be really hard. The pressure is high. But the country is starting to rethink is super pressure-cooker schools – offering happiness classes.
A passing of note: beloved and longtime LA Times food critic Jonathan Gold died over the weekend after a very quick battle with cancer. He was just as likely to review strip mall hole-in-the-wall joints that most people were actually likely to eat at as the super-hyped trendy and expensive places the stars frequent (though he went to those too). Some of his reviews in the Times