Early Briefing: Looking to Online Video
In the Download this week, Kim Hart looks at the rise of popularity in online video. More people with high-speed Internet connections and more content mean a better time for several Washington firms that have been trying to figure out how make money while making it even easier for people to find and watch online video.
"You're now seeing widespread mainstream usage of Internet video," said Derrick Frost, who left his role as executive vice president at Time Warner Cable in 2006 to start Bethesda-based Invision.TV, a search engine for online video. "Now it's not a question of if people watch it, it's how do you get high-quality video people want to watch and how do you monetize it?"
The downfall of mall developer General Growth deals a blow to the local retail industry, which has remained relatively insulated from the economic storm battering the rest of the nation, writes Ylan Mui. The company, which filed for bankruptcy protection last week, had ambitious plans to renovate several properties in the Washington area. Just last year it unveiled a proposal for expanding the Mall of Columbia. Plans to rehabilitate Landmark Mall have repeatedly have been put on hold. General. General Growth also operates Laurel Commons, which is undergoing a massive overhaul.
"General Growth has been crippled now for a year and a half," said Gregory Leisch, founder of Delta Associates, a commercial real estate research firm. "They haven't been able to sell anything. They haven't been able to buy anything. They haven't been able to redevelop anything."
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