There are many of examples of those who fail to adapt to innovation.
I go back to the 80s. I remember when Digital Equipment Corporation was the second largest computer company in the world in the late 1980s. They were leaders in the minicomputer arena. Their CEO, Ken Olsen, famously said that "Businesses will never be run on a PC." In 1998 his company was bought by Compaq for pennies, and it disappeared from the industry.
ESPN is adapting to the streaming age, and ESPN will survive. They have what the market wants to pay for, the content. The innovation of the internet has reshaped retail in both new products, Amazon, and used, EBay. It has reshaped taxi service with Uber. It has reshaped music, Tower Records, and books, Kindle. We will now watch it reshape cable television. I'd rather be ESPN than a cable company. The cable companies will pivot to internet bandwidth, but they will lose television.
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In response to this post by Calamitous)
Posted: 08/12/2017 at 1:44PM