The theory of Red Queens was
inspired by Lewis Carroll’s Through the
Looking Glass and describes the competition between two technologies
(Thornburg, 2014g). In Through the
Looking Glass, the queen says “in this world, you need to run as fast as
you can to stay in place.” That same theory applies to technologies that emerge
at the same time offering similar hardware and software capabilities. If one
fails to keep up with the other, it will fall behind. Similarly, the theory of
Increasing Returns suggests that when two similar technologies hit the market
around the same time, one of them will just by chance capture people’s imagination
more than the other and drive the other into extinction (Thornburg, 2014e).
For a writing assignment in Module
4, we had to watch and discuss a film based on one of Philip K Dick’s novels.
I had chosen Total Recall to
analyze. In order to watch the video, I had the option of either buying the
actual DVD from WalMart for
the price of $12.99, rent it from a Redbox
video terminal for $1.38 or watch it on Netflix
for free using my Apple TV. I chose the latter of the three. My viewing choice
is a prime example of the theory of Increasing Returns because the cheapest viewing
option was preferred over leaving my house to purchase or rent the tangible DVD
almost hinting at the future demise of the DVD all together due to popularity
and convenience.
McLuhan’s Laws of Technology suggest
that every medium simultaneously enhances, obsoletes, retrieves, and reverses
other mediums whether or not it manifests (Thornburg, 2014f). As viewing format
and delivery improves, the Video on Demand technology has the possibility of
offering consumers instant views without ever having to leave their homes.
McLuhan’s
Tetrad
Enhances:
Video on Demand (VOD) movies not only enhance the quality of the video, but
also provide consumers with various viewing options by streaming the video onto
their televisions, computers, phones, tablets, or other devices.
The streaming video no longer
requires the user to purchase and store the actual disc which requires an
increasing monetary investment and amount of physical space.
Streaming video does not involve saving
the videos to the actual device, but instead stores into the cloud storage
system provided by the streaming provider. This makes it possible for the
consumer to search, browse, watch, pause, and re-watch any VOD movie at their
convenience for a small monthly premium of less than $10.
Consumers no longer have to worry about the quality or player of the video becoming compromised due to damage from scratches or water.
This makes it possible for the consumer to search, browse, watch, pause, and re-watch any VOD movie at their convenience for a small monthly premium of less than $10. Consumers no longer have to worry about the quality or player of the video becoming compromised due to damage from scratches or water.
Obsolete: Similar to how popularity of Video on Demand and Redbox terminals forced video rental stores such as Hollywood Video and Blockbuster Video into bankruptcy, it is quite possible for DVDs to experience the same fate.
Retrieval: The
media library of most Video on Demand providers is quite similar to the video
libraries once seen inside of actual video stores. However, rather than taking
up aisles and thousands of square feet of space, the entire library is housed
perfectly on screens as large as flat screens and as small as a phone’s screen.
Reversal: Despite
the large amounts of cloud storage offered by Video on Demand, the service
still requires an actual device for streaming video mimicking the necessity of
the older VHS movie players that had to be plugged directly into the
television.
References
Laureate
Education. (2014e). David Thornburg: Increasing returns [Video file].
Baltimore, MD: Author.
Laureate Education (Producer). (2014f). David Thornburg: McLuhan’s Tetrad [Video file]. Baltimore, MD:
Author.
Laureate
Education. (2014g). David Thornburg: Red queens [Video File]. Baltimore, MD:
Author.
This really is a battle going on for the entertainment dollars. When researching for this post, I was astounded by the BILLIONS of dollars we spend annually on just movies and videos. It's crazy. I mean just look at the amount of players in the game: Theater Box office, Home Video, Pay-TV, Premium TV Channels, Broadcast Networks, Online Video, Video Disc Rentals. According to the Market Research Report, "The Battle for OTT Video:Redistributing Video Industry Dollars", all of those are highly profitable. They say On-demand viewing of TV programs and movies in the U.S. will generate $10 billion dollars in On Demand video annual revenue (Reuters, 2010). They do mention that revenue from retail video disc sales and rentals will be in decline, but my goodness, even a decline is still going to be profitable. I think I'm in the wrong business. We really should be demanding more...lower prices, better programming, quicker releases, anything!
ReplyDeleteReference
Reuters.com (2010, November 11). Research and Markets: U.S. On Demand Video Revenues are Projected to Reach $10 Billion by 2014 while Retail Video Disc Sales and Rental Revenue are Being Displaced.Retrieved Here
Christina,
ReplyDeleteAlthough our research revealed differing points of view, I do believe there are excellent points for supporting the advancement of replacement technologies for both DVDs and VOD. As it stands, for now, both technologies will have to co-exist together. However, in the future Cloud-Based streaming services will perhaps replace cable boxes, DVD players, and the like.
According to Lai (2014), "At IBC this year, we disclosed our own research based on the experiences and expectations today's connected consumers have of video on demand (VOD) content. As part of this study, we found that consumers now expect even more from their VOD experience than ever before. The results revealed that almost three quarters of consumers (72%) said that they would choose to watch VOD content instead of linear TV because they can watch it anytime, regardless of their location (para. 3). " However, it will be some time before VOD arrives at this stage. Thus, DVD will continue to maintain a small stronghold on gamers, parents with minor children, and diehard DVD collectors.
References
Lai, A. (2014). Will Cloud-Based streaming services be the real replacement to your cable box? Bright Cove. Retrieved August 7, 2015 from https://blog.brightcove.com/en/2014/11/will-cloud-based-streaming-services-be-real-replacement-your-cable-box