Introduction

 

The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.

Rupert Murdoch

 

The traditional business model for broadcasters, which has worked reasonably well for the past few decades, is starting to break down. Increasingly, consumers are demanding (and starting to receive) their video content in ways that were impractical even a few years ago. Today, billions of videos are streamed every month and millions of subscribers have signed up for IPTV services around the world. Consider the following.

  • Television Has Moved to the Web. Viewers around the world tuned in to watch the 2008 Olympics in record numbers using their PCs and other Internet-connected devices (There were 2.3 million ...

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