4/12/11
Good morning, All,
OK, so Larry Page took over the reigns at Google last week and the story that got the industry up in arms was his announcement that employee bonuses would be tied to GOOG’s success in social (Dear Google: You Can’t Threaten People Into Being Social http://bit.ly/e18aup) Did we miss the forest through the trees? Google also announced that they’re planning a $100 million overhaul of YouTube, which will include 20 premium channels (YouTube Recasts for New Viewers http://on.wsj.com/fBdOKS). Between that and Netflix and Hulu ordering original programming, are we seeing the convergence of the web and the small screen? Or is television simply surrendering the space? Do we care who’s dancing with the stars? The Firm was rebroadcast, ad nauseam, on Starz last week. The Firm? Really, pay cable? Newsflash: Tom Cruise isn’t even firm anymore! During web 1.0 the matra was: Content Is King. Of course, content was free and the king couldn’t afford the price of admission. How things have changed and who the hell has been making decisions on the broadcast side for the last few years? The bean counters, of course, and television seems to be going the way of the music business, where it was the same scenario. Just our .02, and Eric Hippeau, who just left The HuffPo to return to the VC world, mentioned last night at the Digital Media MBA event that one of his focuses for investment is the video space. Note: he mentioned that first, and he’s not alone, so head’s up, entrepreneurs and remember: both film and televison got their starts in – New York.
The hour doth draw on apace – Deadlines!