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CBS Buys WallStrip: The Monetization of InternetTV

It's one thing to have a fun and cool Internet TV show.  It's another when someone like CBS ponies up $5,000,000 for your show.

Such was the case with WallStrip, one of my personal favorite shows on the web.

Here are related stories from TechCruch and GigaOm.  Last week in Dallas, I visited MN1.com which, like WallStrip is a news / finance show that you won't find on traditional broadcast TV.  And the guys at MN1 are doing live broadcasting on the web during the day.  Think CNBC, but on your 2nd screen, your PC (or Mac).

Be it WallStrip or MN1, the fact of the matter is that after establishing a basic threshold value for an Internet TV show, it illustrates the potential exit opportunities when creative entreprenuers come up with compelling and creative Internet TV programming.

Can IPTV and Internet TV Co-Exist?

Before I begin this post, I need to make a disclosure:  in my day job of running a tech PR firm, we represent Network2.  Network2 is a guide to watching what's on Internet TV.

Over the last month since we started to work with the client, I've personally been spending many (maybe too many) hours of watching Internet TV on my MacBook Pro. 

No, I am not watching YouTube videos of someone chasing their cat around the room, or a cousin's birthday party who lives far away. 

I am talking about amazingly creative serialized content about sex, investments, something called PromQueen, or a Jewish grandmother giving on-going lessons in cooking traditional meals that my grandmother used to make when I was a child.

In the process of watching InternetTV and IPTV I always ask myself the question:  can IPTV and Internet TV co-exist.

Read David Cotriss' insightful take on this subject at Daily IPTV.

Interviewed at VON Spring 2007's Network2 Pavilion:

In my old age, I hope to have enough money to live a good life.  Want a good way to make sure you have plenty of money left over to lead a good life? 

Read The Wall Street Journal, get a good financial consultant, and view WallStrip everyday.

Online Videos by Veoh.com

Though funny and entertaining, the producers of WallStrip take investing very seriously.

Sure, they spoof the likes of Jim Kramer, but behind the humor are some very smart, and experienced business people, including one of the creators of the show who in his own right, has a real hedge fund.  These guys are very serious, very smart, and are on to adding the element of humor and creative content into something I personally take very seriously- my money.

WallStrip may be viewed via Network2