The announcement today of Facebook’s forthcoming video app for TV set-top boxes should worry incumbent media companies like Disney, Viacom, or any operation that derives lots of revenue from cable TV. Facebook has confirmed that the app will let people watch Facebook videos through their Apple TV or Amazon Fire TV devices, or their Samsung Smart TVs. This is yet another diversion for cord-cutters—courtesy of Silicon Valley—and yet another incentive to ditch cable for those still paying for it. Of course, Facebook videos won’t replace your favorite TV shows, but a video app with the distribution power of Facebook behind it is one more formidable product taking up space alongside the video mafia: Netflix, Amazon Prime, Apple iTunes, and Google’s YouTube. Who has time for anything else?
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.