The creation of the Internet has created plenty of good in the world. People now have access to more information, tighter connections with more friends, and the ability to make a difference. But some things haven’t had an easy time making the adjustment.
Here are just a handful of technologies that the Internet is transforming for better or for worse.
1. Pay TV
Recent findings have revealed that the U.S. pay-TV industry has lost 119,000 subscribers in the last quarter. This has only ever happened twice, which doesn’t sound so bad until you realize that the first time was two quarters ago. So two straight quarters of subscriber drops doesn’t sound so good. There is no doubt that pay-for television is in trouble.
New players like Hulu, Netflix, and other video-on-demand services have stepped in to fill in the gap that pay TV has never filled. Consumers are beginning to realize that they don’t need thousands of irrelevant channels. Even sporting associations are beginning to get with the program. Consumers simply want to watch what they want, when they want, and without the extra crap that usually comes with pay TV.
Until the industry learns to adapt — which is doubtful in the short term future — consumers will continue to convert to IPTV and video-on-demand options. It’s only a question of whether or not the television networks and providers will be able to get in on the action before it is too late.