Quote:
Originally Posted by janeth
MySA.com: Business
Dallas Mavericks owner and high-definition television network co-founder Mark Cuban was at his outspoken best Wednesday, telling a gathering of cable operators and programmers that the Internet was dying as an entertainment medium.
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Preface this to say I have known Mark Cuban since the early 90’s and think he is a genius businessman.
I called his sale of audionet/broadcast.com for 4 billion vastly overpriced and got reamed by Jason Calicanis in Wired for that. However as history shows the purchase of a going business went to the void and Cuban walked off with more money than a few computers on a network are worth. Yahoo did nothing with that purchase.
Cuban’s genius and business model for that was not used. Mark had figured there is no money on the net for streams. So he went to all the real world radio and tv broadcasters and worked an amazing deal. He would take their dead air space in exchange for streaming services! Wow, he captures all that online content AND he gets the ability to make money selling real TV and radio ad time! The greatest vision yet. He makes it work but Yahoo blows a wad and well, the model is gone.
I read the article and think Mark, as a CEO has the job to sell his company. The future may well be delivered over cables as it is right now. What devices are used to access and how I think will be diverse but the main reality is the Internet did not kill magazines, newspapers, radio or TV. Even in the brave new world of Cuban HD it would merely be the end device over a network. Every bit of information will originate somewhere, be transmitted, translated and displayed in some format for consumption and interaction somewhere, or many places so the Internet will not be dead. The Internet may be transformed or morphed into newer means of transmission and display but it is already digital TV by design. It’s only drawback now is bandwidth which is a myth as the fiber laid right now could make most dreams reality already