x-posted here
A few weeks ago in a keynote speech at Streaming Media East, Akamai Technologies Inc. CEO Paul Sagan argued that online video has reached a "tipping point."
Well I hate to say it, (scratch that, if you know anything about me you know that I actually love to say it) but here it is: I told you so.
I'm not claiming that I predicted the now-inevitable rise of online content viewership, but I've certainly been waiting for people to stop giving me "you've got to be kidding me" reactions when they find out I don't own a television. That's right. I don't own a television. (Oh, and a note to any friends or family that may be reading this: please stop trying to gift me old televisions sitting in your garage. No really. I'm good.)
I won't get into how I found myself sans a tv, but I have certainly found that I just don't need one...and I'm not alone. Plenty of twenty-something's are foregoing their cable bills in favor of consuming content online. (And let's be honest, my shoe addiction certainly appreciates that I've got one less bill to pay.)
Don't get me wrong, I'm not advocating that you all throw out your televisions...yet, but improvements in video quality are leading audiences to consume more and more content online. Every major network offers programming online, and many cable networks are following suite. Except for one of my favorites...ahem, Bravo!, ahem. (Might I mention that Bravo! is a perfect point in case, as even my love for Tom Colicchio cannot overpower my aversion to the cable bill. They lost me as a viewer because they don't offer their content online, but I digress.) ...and I'm not even getting into the rise of companies like Revision3 who, with the tag line "Internet Television any way you want it" is literally changing the way people are viewing content.
Sagan noted, "We as an industry have to make it really simple to connect the Internet to the wide-screen TV. As that happens, people are going to choose to get their video over the Internet."
Bingo.
While it might not ever be a good time for us to throw out our big screens, I think I can safely say that cable television might just be on its way out.
With more and more viewers asking, "Why do I need cable television?" MSOs are justifiably getting scared. HD video (which really drives revenue in the online video department) is on the rise and on its way to becoming the norm. While I have no problem watching The Daily Show on my 13-inch monitor, for most, the quality-factor is a big one, and Sagan is exactly right when he argues that it's our job to make it really simple for people to watch online content via their televisions. While it's certainly going to make many in the industry uncomfortable, it has also become clear that adapting to the changing consumer and new technology is important. (And it's great to see the CEO of a major technology company advocating this change.)
So bring it on skeptics. I'll take my quick internet connection with a growing shoe collection any day.
Meredith Treinen Musings