The TV and video business is about to face a nasty downturn, and it could happen faster than most people expect -- like, over the next two years. So says Lehman Brothers analyst Anthony DiClemente, who published an alarmingly bearish report on the entertainment sector this morning.
"We believe the feature film and TV content businesses are on the verge of structural changes that appear to impact the core revenue and profits of entertainment business models," wrote DiClemente.
If the television or video business model is broken, you can blame the internet for that: Digital distribution, audience fragmentation and widespread file-sharing are eating into network and studios' profits, and those profits may not come back, says DiClemente.
The big winners? Digital distribution, such as Apple's iTunes and Google's YouTube.
It's the Beginning of the End for the TV Biz, Says Analyst | Epicenter from Wired.comIt's getting to the point where I'm no fun anymore ... oops ... where I'm not sure what to make of this economy and these projections about the entertainment industry. Obviously, advertising relies on entertainment in print, tv, movies, gaming and music. If the structure of the entertainment industry collapses, well, then what?
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