Tuesday, July 27, 2010

Is Multichannel Video Business in Danger?

Smaller providers in the communications and cable TV business never have had a terribly easy time coping with the emerging shift to broadband-based services. Scale is an issue, and smaller providers, by definition, do not have scale.

Small telcos often cannot take advantage of wireless or video in the same way that Verizon and AT&T can. Small cable companies often cannot take advantage of either wireless or video scale economies.

For many smaller telcos, hanging onto the voice business is a key challenge. Now some might argue the same is true for small cable operators and their video businesses.

"What's dead this year is video," said Needham & Co. analyst Laura Martin. "The programmers are destroying the video business" by shifting to online and mobile distribution channels, she argues.

Consumers are gravitating to Internet and mobile applications, she argues, so operators should focus on mobile services, commercial services and the data access business.

"Take the cash flow, if there is any after the programmers get done with you, and what you need to do is protect the future," she said.

Clearly, Martin sees online video as a direct threat to the multichannel video business. It might be shocking to hear an analyst recommend that a cable company get beyond video, as it once was a shock to hear analysts suggesting telcos had to get beyond voice. But the logic is hard to argue with, as tough as the advice will be to heed.

No comments:

What Declining Industry Can Afford to Alienate Half its Customers?

Some people believe the new trend of major U.S. newspapers declining to make endorsements in presidential races is an abdication of their “p...