PwC Says Traditional Media Will Face a ‘Videoquake’

VentureBeat: When Kobe Bryant announced his retirement from pro basketball, the news went live first on the digital publisher Players Tribune. The same thing happened when CBS revealed its plan to revive “Star Trek.” Instead of airing it on conventional TV, the new show will run on the network’s streaming service. These are just a few incidents in what consulting firm PwC calls the “videoquake,” or the disruption that is occurring in the media industry.