By KINIBIZ
Issue 016 of KINIBIZ Magazine hits the stands today with its lead story on disrupting TV viewing patterns.
By now most people would have heard one of the newer terms in trends – disruption. That used to describe a new service/product – usually much cheaper, more efficient and with greater offerings – which threatens to displace an existing service in the blink of an eye, historically speaking, that is.
Think Uber or Airbnb and what they have done for transport and accommodation respectively. As house owners put their units in the market and car owners become taxi drivers in their spare time, prices have tumbled causing cries of glee and despair in more or less equal amounts across the globe. The effects are already reverberating here in Malaysia.
But look out, there’s another disruption on the way and it is led globally, especially in developed markets, by the likes of Netflix, Hulu and iflix, among others. And they are beginning to revolutionise the way TV is going to be watched. It’s about on-demand TV, thousands of programmes, eventually live events and news and all, already being distributed at a fraction of the cost of current pay TV.
Our Cover story from pages 56 to 66 deals with this emerging trend in Malaysia and tries to make sense of what it will mean after discussing the issues with the key participants here. And along the way, get educated on how you can enrich your TV viewing experience while paying a lot less than you are at the moment.
Our Featured article this week on pages 44 to 55 is a close examination of 1Malaysia Development Bhd’s (1MDB) sale of power assets held under Edra. There are lots of issues here – just how much are they worth and how much are the debts associated with them, should foreigners be allowed to hold power assets, and is 1MDB prematurely killing the only cash cow it has?
Recall that as at last available balance sheet date, March, 31, 2014, 1MDB had debts of RM42 billion, and among the list of its questionable assets the only one that is unquestionably generating cash was the energy assets. So why sell it? Why not sell the other assets first?
But then there are questions aplenty over 1MDB and the most important ones, in our humble opinion, are not over the numerous leaks of information, much of them perfectly accurate, about 1MDB. But that was what prompted a police report by its president from the beginning of this year, Arul Kanda. But we think he should have made at least 10 other police reports. Read about it on pages 6 and 7.
There’s lots more views and issues, and a heartening Enterprise story in this magazine. Do take your time to look at them. It’s a mix you don’t get anywhere else, blended the way we – and we hope you – like it with doses of insight, analysis and brave but fair commentary.
And we do appreciate hearing from you – brickbats or bouquets. Write to us at editor@kinibiz.com. And do take a look daily at our website, www.kinibiz.com. Remember, you get both online and magazine (25 issues) for just RM318 a year. Go to subscribe.kinibiz.com and get the package you want.
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