Tuesday, June 03, 2008

Storm Clouds

The dark clouds continue to roll in over the Internet TV industry with the highly successful Veoh shutting up shop in many countries (where, it has to be said, it can't monetise audiences) and doing the rounds for more money.

Ironically, the industry is set to do well in a time of recession, where people go out less and spend more time in front of 'free' entertainment, but as the credit squeeze tightens expect a lot more consolidation and even more firesales.

No comments: