Eisner said he believes the “creation of the electronic superhighway will take longer than people think.” He cited a research report, commissioned by Blockbuster Entertainment, that estimates the cost of laying fiber-optic lines and installing interactive converter hardware at $30 billion to $200 billion in total private investment.
Predictor: Eisner, Michael
Prediction, in context:In a 1993 article for Broadcasting & Cable magazine, Mike Freeman reports on a speech Walt Disney Co. CEO Michael Eisner gave at the PROMAX/BDA conference in Orlando, Florida. Freeman writes: ”Eisner said he believes the ‘creation of the electronic superhighway will take longer than people think.’ He cited a research report, commissioned by Blockbuster Entertainment, that estimates the cost of laying fiber-optic lines and installing interactive converter hardware at $30 billion to $200 billion in total private investment. The report also estimated that the pay-per-view movie industry, which is expected to play a major role in the 500-channel universe, currently accounts for only $168 million in annual revenue.”
Date of prediction: June 1, 1993
Topic of prediction: Information Infrastructure
Subtopic: Cost/Pricing
Name of publication: Broadcasting & Cable
Title, headline, chapter name: Eisner On the Info Highway: Slow Down – Michael Eisner Speaks on the 500-Channel Television Proposal
Quote Type: Partial quote
Page number or URL of document at time of study:
Volume 123, Issue 25, Page 26
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney