streaming media and NetTV

VMDirect through a reverse merger is now a publically traded company (Symbol DFXN).

DigitalFX is a social networking and digital communications company. The Company develops and markets proprietary web-based social networking software applications, including video email, video instant messaging and live webcasting. DigitalFX bundles its proprietary applications with other open source applications and sells them as an integrated suite through an Internet-based subscription model. The Company's Web 2.0 communication tools enable users to create, transcode, send, manage and store all forms of digital media content (i.e., photos, videos, music, documents). These innovative social networking applications are scalable, customizable and highly extendible.

I am NOT happy with my cable TV subscription and it seems I am not alone. Some 40% of U.S. cable-TV subscribers are unhappy with their current service, saying it lacks variety of content and features, according to research conducted by software giant Microsoft. This is spurring the development of private TV channels. According to Internet personality Adam Curry, 50% of all content viewed will be user-created in the next 5 years.

So why are people not jumping on the bandwagon and why have the cable, satellite, and telecom industries not pushed this out to the masses?
The technology is there, the cost has dropped to less than 30 cents a day and broadband access has now broken the 50% penetration threshold (at least in the US).