It's easy to look at the prices of domain sales, and internet acquisitions, and just assume this is another dot com bubble all over again. But in those famous last words... things are different this time. Without writing a book, here is the essence.
Google has changed everything. Google created a way to monetize the internet for ad revenue that simply did not exist previously.
Website development is cheap. What used to cost you millions in the 90s, you can now do with a cheap template. And look just as professional as your billion dollar competitor.
Media companies are scrambling. Why? Because people are leaving TV in droves for the internet. Look for standard media as we have known it to soon be archived in museums. "When I was a kid we got the news each morning printed on paper, delivered to the door. And news in the evening for one hour on TV." "No way, dad! When was that? In the 90s?"
The distribution systems for everything are changing. This time its for real.
I agree.
The TV is being relegated to game shows and sitcoms....basically passive watching.
Although there's YouTube and online games, a lot of the internet is about getting info..i use it mostly for news.
There's still a segment of the population, however, that watches TV for the community aspect. For example, American Idol so they can talk about it at lunch the next day.
However, as the internet becomes better at creating community around content (imagine everyone logging in to watch American Idol at the same time), this will change too.
I don't think it will be long before the internet and TV converge. Basically, you'll turn on your TV/Computer and the difference between TV and watching a video over the internet will be seamless.
The implications for the major news networks is staggering.
Posted by: carl | July 28, 2007 at 07:01 AM
good pic for bald.com ;-)
Posted by: carl | July 28, 2007 at 06:12 PM