TV is no longer confined to traditional broadcast television. New platforms and devices are disrupting the TV ecosystem, changing consumer expectations and threatening existing business models. To remain relevant, players must leverage existing relationships and infrastructure to deliver content across multiple platforms through innovative models like TV Everywhere. New entrants see opportunities in driving device sales and exclusive content to gain market share. Effective targeting using user data can increase advertising value but risks reducing available inventory if targeting is too narrow. The future requires an intelligent platform that understands individual users to effectively recommend personalized content and advertising.