Big Tech's Open Media Rig: Stifling Startups & Innovation
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Big Tech titans like Netflix, Google, Amazon, and Apple are leveraging their influence to dominate the video streaming landscape through the Alliance for Open Media. They offer seemingly free, open technology for streaming, but this comes at a cost for smaller innovators who are forced to hand over their key inventions for free to gain access. This monopolistic approach stifles competition, leading to fewer jobs, slower innovation, and inferior devices and services for consumers. Regulators are beginning to recognize this issue, and the solution lies in adhering to global standards bodies where competition is fair and merit-based. Protecting startups patents is crucial to maintaining a competitive market and ensuring better choices and cutting-edge entertainment for consumers.
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