JP Morgan on Digital Media

Paid Content finds a few slides from a recent JP Morgan Digital Media team presentation.

From the post:

"We live in an area and participate in an industry that is highly prone to technology and market gyrations. The opportunity created by the digitization of media dwarfs any other we have seen for some time and therefore is going to be prone to enthusiasm.

While there are strong arguments on both sides here, we are certainly more disciplined/humble than we were in the last bubble. However, the nature of this Valley is to be well ahead of the curve, and given the wholesale changes the media and entertainment industry will go through over the next decade, the winners will be the ones that are patient and smart about when they enter/exit the market."