Don't Be Afraid To Change The Model.

In The Long Term, You Have To Believe That Movies And Tv Shows Will Be Like The Opera And The Novel, Pretty Nichey Businesses.

In The U.s., Hbo Is A Very Aggressive Service.

Technological Revolutions Are Very Hard To Predict. My Favourite Example Is Someone In 1850 Taking Care Of Horses As A Farrier. They Would Have Said, "look, Horses Have Been Part Of Human Existence For 5,000 Years. We Are Horse People. It's Permanent." But All Of A Sudden, The Internal Combustion Engine Comes Along And, With It, Oil Fields And Automobiles, Which Basically Replace The Horse Completely. So We Often Have These Long Periods Of Stability And Then A Sudden Inflection Point.

Not Every Show Has To Work Equally Well. It Just Has To Work Better Than Any Competitor Because Then We Can Outbid For The Content.

I Think There Will Be 20 Years Of Evolution From Linear Broadcast To Internet Television.