The TV has so far survived: Our love affair with the tube & remote is ending

May 2, 2018 2:22 pm

TV in the trash

In November 2014, Netflix CEO pronounced that television will be dead by 2030.

Statements of the collapse of broadcast TV have been predicted since the mid-80s.

Are we ready to throw the remote and bid commercials goodbye?

According to UK’s Globe and Mail, TV as we know it is breathing its last, with signs of that already appearing in 2018.

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“What happens in 2018 is likely to be seismic in the worlds of television and media,” said the daily.

“The culture is shifting, the corporate side of TV and media is avaricious for a bigger foothold in the digital age it did not see coming.”

Lights off

The UK daily said that CBC in Canada will move increasingly to online presentation of content, to add to an already large array of web series.

The end of the golden age of TV is hiding behind some 500 scripted series which have aired in the US, across all services, in 2017.

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“What’s flourished over the past decade might be ending. Fox, the network that brought us The Simpsons, The X-Files and other classics over the years, could diminish into a mini-network airing mainly reality TV series and repeats,” said the daily.

“Apple (TV) will launch original programming in 2018, but with an eye on blockbuster fare, not art. YouTube is steaming and streaming ahead with original series.”

Some are hanging on to name-brands refusing to believe the onslaught of new and original content could replace what viewers loved and watched again and again over the years.

A Disney/Fox deal is aimed at acquiring an enormous library of film and TV content to compete with Netflix and Amazon, and among the assets Disney acquired is National Geographic Channel, “which forged its own path and began producing good original drama such as Genius,” according to Globe and Mail.

“It also acquires a majority stake in Hulu, the streaming service that might now be Disney’s launchpad for a Netflix-like service.”

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End is near

According to Vanity Fair,  during the first three months of 2017, as reported by RECODE last May, the pay-TV business posted a historically horrible number, at least in terms of subscribers, by losing 762,000 customers.

Pay or Cable TV is here but not to stay.

TV comedian Conan O’Brien, the host of TBS’s Conan, told Vanity Fair, “Five or 10 years from now—because TV is changing so rapidly—I might not have a late-night TV show,” and added: “But I might have something that you can get on the Internet.”

 O’Brien’s YouTube presence is incredibly successful with nearly 5 million subscribers.

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Vanity Fair said Late Night with Seth Meyers has 1.3 million online subscribers.

In Forbes’ second annual ranking of the top-paid YouTube stars in 2016, it uncovered the 10 channels that have made the most from their streaming stardom.

12 internet celebrities earned a combined $70.5 million, a 23% increase from a year earlier.

The internet is a grown baby now, and it could be time to take TV online all the time and cut the electric cord.

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Hadi Khatib
By Hadi Khatib
Hadi Khatib is a business editor with more than 15 years' experience delivering news and copy of relevance to a wide range of audiences. If newsworthy and actionable, you will find this editor interested in hearing about your sector developments and writing about it.



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