The Block CEO Steve Chung on why the commoditized middle of media is dying, and AI is finishing the job: "Bob Iger had a great line about entertainment: general entertainment is dead." "The only thing that survives is specific and targeted, you know exactly what your audience wants and you deliver that. Not commoditized, not general, not bland." "In the age of AI, that's even more accentuated. AI can give you the same commoditized news and information at the tip of your fingertips." "So media is segmenting. On one end, breaking news, where audiences value speed and raw data over curation. The bland middle is what disappears."
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