Spindletop: Where the Black Gold of TV and Video is Buried
Posted November 01, 2018
Share To
Tweet
EmailIn 1900, there were only a few thousand cars in all of the US and most of them were either steam or electric.
No one wanted to invest in a gasoline powered internal combustion engine because no one thought there was much oil in the world. The little bit that had been drilled in Pennsylvania and Ohio was expected to run out soon.
Then, in 1900, one man belived there was oil under Texas. Everyone thought he was crazy.. until he hit the world's biggest oil strike at Spindletop.
That changed the oil business forever.
Today, there's a vast reservoir of video waiting to be 'struck' and that too will change the media business forever.
Featured Courses
Recent Posts
The Uber-ization of Content
May 26, 2023
The world of television before cable had been limited to 3 networks and a handful of local TV stations. But the advent of cable meant that suddenly there were 60, 70 soon to be 100 or more new channels. And all of those channels needed content. But where were they going to get it from? A huge market for content had just opened up.
What TV News Can Learn From Netflix
May 22, 2023
Q: What do TV news and Netflix have in common? A: They both appear on the same screen. They both tell stories.
No News is Bad News
May 15, 2023
This morning, I went out early to buy my copy of the weekend FT — a great newspaper, by the way. I was a bit surprised to see that my regular newsstand, on 6th Avenue and 55th Street, had exactly 3 newspapers for sale — one copy of Baron’s and two copies of The New York Post. That was it. No FT, no NY Times, no Washington Post, no… nothing.