Josh McHugh writes: "... Now, 14 years after [Yahoo! senior director, Technology Development Group, Bradley] Horowitz began investigating video search, a
tsunami of video is bearing down on all of us, and his once-obscure
quest has become urgent. A household with 300 cable or satellite
channels has access to 7,000 hours of programming a day, almost 3
million per year. That's a lot, but it's only a fraction of the 31
million hours of total annual programming. Every major cable company is
making investments to allow TV to be distributed over the Internet,
giving you access to each one of those 31 million hours. And then
there's this year's 36-fold explosion in consumer-generated video on
the Internet. ¶ This onslaught is already turning the entertainment business inside
out. More music videos are being watched on AOL than on MTV. Procter
& Gamble is cutting down on pricey 30-second TV spots to beef up
the online presence of its packaged goods. TV Guide
announced in July that it would drastically cut the amount of space it
devotes to listings, an acknowledgment that viewers now turn to the
Internet and onscreen programming guides. And CBS is squaring off in a
content-indexing smackdown with Google. Meanwhile, the guy down the
block has turned his backyard into a back lot, his basement into an
edit bay, and he's landed a global distribution deal - with his ISP. ..." Link: Wired.