The DVD is -- surprise -- the form in which we have produced video-on-demand. Gerald Levin, former CEO of AOL Time Warner (AOL), was right: Video-on-demand really is a killer app.
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In so doing, they taught us all a lesson. The prophets of video-on-demand overlooked something about "demand" -- namely, whose demand it really is. You don't create demand; you obey it.
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When demand is running around loose, smart leaders don't make too many plans. Instead they make hypotheses, then adjustments.