These were the words of my professor this evening in my Multimedia Storytelling graduate class at the University of Washington. Some key data points as to why it’s such a good time right now to be a video entrepreneur:
- Video is supplanting much text on the web
- There are fundamental shifts in media consumption toward video-centricity
- Previously text was the primary vehicle for most news and information on the web
- Video is now becoming the preferred mode of media consumption
The first bullet is the most astonishing if you think about it. Video is taking place of a lot of text on the web. People are consuming data through video much more than they are reading articles in a lot of cases. This is especially the case with the young demographic today. And with that, I leave you with this.