Live television is more vital a platform than digital and new media, said Mark Cuban during a session on the opening day of the 50th anniversary NATPE/Content First conference. “The Internet is designed for everything but video. Television is designed for video,” Cuban said this morning in his keynote speech, moderated by CNN’s Poppy Harlow, during which he staked his ground in television over YouTube, smart TV and other emerging platforms and emphasized the growing role of “social television”.
Cuban argued that the immediacy of television is key to its significance in an age of increasingly prevalent real-time digital interaction, despite new media success stories like Psy’s “Gangnam Style” music video, which hit 1 billion views in December and generated $8 million in revenue. “Television, because it has zero latency, has become the starting point for conversations,” Cuban said. He re-branded HDNet to AXS (pronounced “access”) last summer to emphasize the kind of live programming and events that he says drives social-media conversations, like televised live concerts with AEG and prospective partner LiveNation.
But cable TV’s social media cache also works the other way around. In order to lure in the younger generation of “Cable-Nevers” who grew up streaming media and don’t pay for cable, Cuban said, must-see and event programming is the key to making cable TV a prerequisite for joining the dialogue. “If you want to watch that Tiesto concert, or the Skrillex concert… or the Jay-Z concert live on AXS TV, you’ve got to get cable. If you want to be part of the conversation that all your friends with cable are part of on [social media], you’ve got to have cable.”
Smart TV platforms and apps are also struggling to find a footing because they’re too complicated to use particularly for adults, according to Cuban. “When you make someone work to find their television, that’s what doesn’t work.”
Watch the entire Cuban chat below:


I know quite a few people in they’re twenties who don’t even have televisions.
The two will be the same.
I don’t know anybody under 30 who has a TV. They still watch content that is also shown in movie theaters and on cable & broadcast, but to them, there’s no real distinction between all that stuff and the cat videos on YouTube, it’s all just one big pile of content.
The internet already provides the interactivity needed for social viewing (aka, bitching about how stupid this or that show or movie is). I think of it all as “social media” even though that term has been swiped by Facebook & Twitter. It doesn’t need to be so restrictive.
I also wouldn’t ignore the entertainment/social media value in new stories. Just look at the insanity revolving around JJ Abrams hogging up Star Trek AND Star Wars. That’s social TV/movies right there. People are getting so they decide they love or hate something long before the cameras even start rolling.
I’m under 30 and own a few TVs. I just don’t watch much Broadcast or Cable. TVs are giant monitors which make watching web content more comfortable.
You’re a tech expert, Mark, but a marketer first. It seems silly to think there will be a distinction between television and the internet in the future. The internet, as it is currently, is not built for high volume and quality video. That has more to do with the current technology restricting the bandwidth than it does with the concept. At some point, television and the internet will be wedded on technologies that allow for much larger/wider bandwidth and the two will become inseparable.
Whoever comes up with a service that’s less than 40 dollars a month and gives what hulu + and Netflix provides with the addition of live coverage for events wins. I think the idea of paying over a hundred bucks a month for cable is outdated.
“The Internet is designed for everything but video,”
Gee Mark why didn’t you tell Yahoo this in 1999 before they bought Broadcast.com for $5.7 billion
I wonder why Cuban is ignoring Google fiber?
One big picture screen on the wall or a monitor on a desk, or a laptop device- that is the future. Whether you are viewing TV, Cable, Internet, Social Media- its all converging to one viewing unit for all. What is pictured may be a single picture, or multiple screens with many crawls depending on how the viewer manipulates the screen.
JZ
Who the hell wants to watch a Tiesto or Skrillex concert in their living room? You want to be in the crowd on drugs.
This video is a YouTube link. Priceless irony.
That’d be cool if he knew what he was talking about. Doesnt even understand the buzz words he’s using. I dont buy it.
Mark’s brilliance is hot.
It’s the content producers and the most successful will assimilate to how the consumer ingests and engages with media entertainment. Original HD programming, interactive, and w/social media, formatted & rights for TV Everywhere, with great metadata. Follow these 5 and you and Mr. Cuban’s observation becomes transparent to your success.