I’m told by a senior chap on Planet Murdoch that there was a moment last year when Rupert was shown a presentation by his best business brains on the future of TV. The message it conveyed was clear and consequential: a few months later he shocked the media world by declaring he would sell his entertainment business to Disney.
TV, they told him, is splitting in two. At one end is highly produced scripted drama and documentaries. This is the stuff Netflix has super-charged. It is being consumed mostly through streaming.
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