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.
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