The cable industry is pulling together andsetting up a Silicon Valley research center , in an attack to fight off the threat of online streaming services like Netflix and Hulu .
Reuters reportsthat cable TV executives — from the likes of Time Warner and Comcast — are pool resource to set up the research science lab in Silicon Valley next twelvemonth . The report explain that the move hop to halt the emerging trend of “ cord - cutting ” , by develop a home - grown pool of raw technical school in collaboration with inauguration , base firm , and leading university .
The new research laboratory will be spearheaded by the existing Colorado - based CableLabs , a nonprofit R&D syndicate already make by the industry , but will work hard specifically to tackle the impact of online cyclosis services . The hope is to “ re - energize ” cable TV , though it ’s far from percipient exactly how it will do that . on the face of it , though , mobile is authoritative to them with Comcast CEO Neil Smite explaining :
“ Mobile is growing and we want to provide our services in mobile format . Wi - fi is a very important part of our business , both indoor and outdoor aspects of it . ”
No shit ! Doubtless , given cable ’s current stance it ’s a smart approximation to adorn in initiation to try and specialize itself from the seething volume of online competitors , that are fleetly rising from the position of underdog to grocery - shapers . It might , however , be too little , too late . [ Reuters ]
Image viaShutterstock / Nomad Soul
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