- People watch 5.3 hours of TV / day. They read less than 30 minutes. You can’t change media consumption patterns easily. The future of the Internet is video. Full stop.
- Production costs have fallen more than 90%. Distribution costs have, too. This is classic “Innovator’s Dilemma” market conditions.
- My estimate is that the top 5 YouTube networks will do > $200 million net revenue in 2013 (after Google’s share)
- These same top networks – Maker, Machinima, Zefr, FullScreen, BigFrame – and the like have create nearly 1,000 new tech / media jobs in LA in the past 3 years alone. . . .(read more at first link above)
more news below