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New York Times ON-TECH:

New ‘TV’ Is a Lot Like TV
Home entertainment today isn’t all that different from the time of VHS tapes.

Despite all the promises, the internet has not reinvented entertainment and TV and movie-watching. There are lots of ways that online video services are just as pointless as our conventional TV lives. For example, YouTube has a service that is basically cable TV, but online, and it makes no sense. Netflix and all the other subscription services have not really upended TV and movies -- same production style, just different distribution.