Friday, August 15, 2008

Hollywood Embracing Internet Video, Analyst Says

U.S. News"A couple of new studies project similar numbers for the expected boom in Internet video over the next few years. Parks Associates says consumer spending on broadband video will grow from about $1 billion this year to about $6 billion in 2013.

Parks' analyst, Kurt Scherf, says studios are sold on Internet video. "Hollywood has discovered that online video distribution provides more upside to their businesses than risk," Scherf says. If he's right, and the studios open the spigots, the growth numbers may be conservative."

From the blog posting, "Hollywood Embracing Internet Video, Analyst Says" by David LaGesse of Dave's Download

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