MAshable points out that buried in page three of the “Public Benefits Summary” provided by Comcast to defend its bid for Time Warner Cable is a bullet point that illuminates the motives behind the deal as well as where the company is headed.
• A number of online businesses like Apple, Google, Amazon, Hulu, Netflix, and a host of smaller companies are entering the online video space and trying to position themselves as competitors. While we view online businesses as complementary to our business, previous antitrust concerns about further cable consolidation are truly antiquated in light of today’s marketplace realities.
What is Comcast telling us? That this deal is not about the cable industry. It’s about competing in a modern media market in which cable is a small part. The company even goes so far as to list their competitors and they all have something in common — they all live on the Internet and most of them have a bigger consumer base than Comcast.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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