Even Bear Stearns have got time to think about online video
Tuesday, March 18th, 2008
Picked this up from Informitv -who provide advice and consultancy on the future of television and video.Apparently immediately before their share price plummeted to $2 a share and while JP Morgan were waiting in the wings gleefully rubbing their hands, Bear Stearns were publishing a report on how “internet video is poised for explosive expansion”. Apparently they are forecasting that 90% of internet users will be watching video online by 2012.
Elsewhere I found another quote from the report saying;
“We believe that video will be at the very heart of the next five years of web evolution.”
So, some comfort for Bear Stearns then… they don’t seem to have got it all wrong.
(Note: No Bear Stearns shareholders were harmed in the writing of this post)