Time Warner amplifies fears that viewers are deserting paid TV
LOS ANGELES – Time Warner on Wednesday re-ignited concerns that U.S. consumers are shifting to Internet television faster than expected and creating challenges to major media companies that have thrived with programming on pay TV. Traditional media companies’ shares fell after Time Warner said during its quarterly conference call that it needed to take […]
In 5 years, 80 percent of the whole Internet will be online video
Already, we know that Netflix accounts for one-third of Internet traffic at peak hours. Toss in YouTube, and that figure rises to roughly half of all bandwidth consumed. But even that’s small potatoes compared with what’s coming. In five years, 80 percent of the entire world’s Internet consumption will be dominated by video. That number […]
Why Netflix is entering Cuba even though the internet barely works there
Netflix just launched in the unlikeliest of locales: Cuba, where less than 5% of the population has internet access and the streaming media company’s subscription cost—$8 a month—is almost half of the average salary. The move was made possible by the recent deal to normalize relations with the United States, which included a promise […]