An article in The Hollywood Reporter spells out how the incredible money machine that is Google is poised to become an even more profitable venture with its acquisition of YouTube. The article makes it clear that the future of communication is video-based. It’s equally clear that the amount of money to be made through video-based services is astronomical.
As Google grows its ability to make money off video streaming, one has to wonder if the Internet Behemoth’s support of Net Neutrality – and willingness to sacrifice cable franchise reform that would enable more providers can more easily offer video service – is really just about keeping the video pie all to itself.
Fortunately, for consumers, this is a false dilemma. The cable reform bill in the U.S. Senate supports cable competition, while ensuring that any Net Neutrality issues can be addressed by the FCC if problems arise. Competition today and market protections tomorrow; that is a win/win for consumers.