As for why no one other than Netflix currently offers a streamingvideomodel, he contends it reflects the simple fact that people have tried to do that and failed to make any money.
It is, therefore, imperative that those with a business model based on providing streamingvideo services over the Internet re-think their business models and sit down with the network providers to try to come up with plans that will ensure their success as well as help the providers to be able to deliver the content.
Blockbuster went into administration last week, as its entire business model of High Street-based DVD and video rentals has been superseded by online streaming services provided by the likes of Apple iTunes, Amazon's Love Film and Netflix.
Netflix introduced its standalone videostreaming service in the U.S. in 2011, marking a significant shift from its earlier business model of offering streaming as an add-on service to DVDs.