Quote of the Day: Michael Eisner on YouTube

“The salacious and the stupid have been traditionally the avant garde and the advance guard of the more high-minded and definitely more profitable fare. The Internet will be no different. YouTube is celebrated as a completely revolutionary concept — and it is. The ability for anyone, anywhere to create and distribute short-form entertainment that can be seen by anyone else, anywhere else is an extraordinary development. But in many ways, YouTube is very old news. It is to the Internet what the nickelodeon was to the movies — a very preliminary installment of what is to come.”

-Former Disney CEO Michael Eisner, speaking at Microsoft’s advance08 event yesterday.

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