IS YOUR BUSINESS ON THE RIGHT SIDE OF HISTORY?

“Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night”, said Darryl Zanuck from 20th Century Fox in 1946.

(I guess the world never got tired of the plywood box).

Some of us still remember the era of the VCRs and VHS tapes; and the entire value chain built around it.

Back then in Lagos, Nigeria, the video clubs were cool; and the number of rentals you made were something of a bragging right - we had more VHS tapes in our school bags than books.

Now in 2019, ask around, and you would be surprised at the number of people in your work space who simply don't know what you talking about. (The discussion might even be as contentious as the actual existence of dinosaurs).

Apparently, companies like Sanyo, Toshiba, Best Value and the others fell on the wrong side of history for not embracing emerging technologies when it came to how we store and share media files. (We have since seen several evolutions; and rental services like Video Marts have been replaced by Netflix, Iroko etc).
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