The document discusses the rise of online video and social media. It notes that online video viewing has increased dramatically, with over 800 billion views delivered by one video distribution network. It also discusses how social media has changed content discovery and distribution, with content now spreading virally from one-to-many across social networks rather than through traditional one-to-one or one-to-many broadcast models. The document suggests that these trends are transforming businesses and industries as companies look to own their media distribution and tell stories through digital content and social engagement.