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Internet video market ‘to soar to $5.8 billion’

Thu, Jul 19, 2007

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lonely-girl_cp_10723838.jpgBy 2011 the market for professionally created video streaming and downloaded across the internet may be worth an estimated $5.8 billion, according to iSuppli.   At the end of 2006 the market value was a mere $423 million.  This trajectory is very steep and lots of money will be made along the way.  Heck, lots has already been made!

“The internet is also evolving into the most ubiquitous video distribution platform ever known. While the early market for internet TV delivered to PCs has created growth and excitement, the real disruptive opportunity is yet to come,” said iSuppli.

“As more consumer electronic devices like TVs, DVD players, game consoles, iPods and portable gadgets become web-connected, internet TV will leap from computer screens into the consumer’s primary media environment: the living room TV.”

– This looks like a hot market that is about to get even hotter!  Strap on your seatbelts!

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