The much derided economist in 2006β¦ aged pretty well!
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The internet is still in the digital equivalent of the silent-film era. It has been formidable for text, still images and music, but is only now, with broadband access, entering an age of high-quality video. As it does so, Time Warner, News Corporation, Disney and other media companies will be able to cash in on their film and television archives. Selling video direct to consumers, without distribution getting in the way, lets media firms, and viewers, mine their vaults for old episodes of βThe Outer Limitsβ, Johnny Carson, or whatever: minority tastes, to be sure, but taken together, a vast new market.