Big Tech's dominance is predicted by John Malone in the television industry

John Malone Predicts Big Tech Domination in the TV Industry

John Malone, media veteran and Liberty Media executive, has made a bold prediction about the future of the TV industry. In an interview with Yahoo Finance, Malone anticipates that Big Tech companies will dominate the media landscape.

Malone's prediction is based on the idea that partnerships that add consumer value and drive profitability will be key to success. He believes that tech companies, such as Amazon and Apple, with their large user bases, digital infrastructure, and AI-driven algorithms, are well-positioned to dominate the media space.

Other Big Tech companies likely to engage in the television industry in the future include Meta, Microsoft, Nvidia, and Alphabet. These companies are investing heavily in related technologies such as AI infrastructure and streaming services, following the lead of Amazon and Apple.

Malone anticipates a significant reduction in the number of streaming players due to economic pressures. He expects the crowded streaming market to consolidate, with tech giants potentially becoming entertainment distributors.

YouTube, leveraging the power of social media, is seen as a potential player in the consolidating streaming market. Malone also suggests that social networking may eventually become streaming entertainment.

Craig Moffett, a media and telecoms analyst, supports Malone's view that tech giants will continue to dominate the media space. Consumers are finding it cumbersome, inconvenient, and expensive to subscribe to multiple streaming services, making the market ripe for consolidation.

Several large rights deals have recently been announced in the media and entertainment marketplace, indicating a shift towards partnerships and consolidation. Malone's prediction is a reminder of his foresight in the cable TV industry, where he expanded TCI during the 1970s to the 1990s and sold it to AT&T in a deal worth over $50 billion.

In his new book Born to be Wired, Malone covers both his life in the cable industry and his transition to the Formula One business. His insights into the media industry continue to be highly regarded, and his latest prediction adds to the intrigue surrounding the future of the TV industry.