Report: Improvements, value make pay TV stand out

06/25/2012 | Los Angeles Times

Consumers pay about 30 cents for each hour of television they watch, so the medium offers great value compared with other forms of entertainment, according to a report from Needham & Co. The industry is also improving its technology while making huge investments in original content -- giving it a leg up over low-cost online videos. "[T]he Internet content creators cannot create perfect substitutes for TV content, owing to the enormous content costs," according to the report.

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