Quote of the day

I think the future of television is more fragmentation, the bundle has no more elasticity in it.” – Barry Diller.

This explains everything from ManUnited TV to the new channels that Amazon has launched as Prime add-ons in the UK and Germany yesterday. Media has been driving an increasing share of household spend over the past 15 years.

In a time of stagnating economic growth and declining incomes (in real terms) that middle won’t hold. Much of it becomes discretionary spending.

Barry Diller