That’s good. That’s good. Well, I am really excited for this conversation. And I was just thinking back as I was making some notes for what I thought we should talk about. And in 2007 I had the distinct privilege, and I really do consider it to be a privilege, to be a part of a company, one of the early, early innovators of streaming what we call now OTT, and at the time it was transactional VOD. The company still exists, it’s called Voodoo. And we had this crazy idea to take the Blockbuster, those who have been around for a little while will remember Blockbuster video stores in the US. Other countries, they had the equivalent. And eventually I think Blockbuster did expand outside the US. But you’d go to the video store, you’d rent a disc, DVD, and then eventually Blu-ray, and you would drive home so excited for the family to join around the TV and watch it.
And I can remember how shocking it was to have built this amazing experience where every title was in stock. And those of us who remember the video store, remember that that was part of the challenge, on new release day you had to rush down to the store to be the first in line so you could even get the movie, because they only had so many copies. And then of course you had to worry about did I return it, did I return it by the deadline or do I have to pay for a second day. There was a lot about the experience that actually wasn’t so great. And yet we were shocked at how many people said, “Why would I want to stream over the internet? DVD is great. This is amazing. Look at the quality. No one’s going to want to replace the DVD.” Well, 15 years later, obviously that sounds absolutely crazy, as now the entire world is streaming and we can’t even imagine a world without it.
But as I was thinking about cloud gaming, it feels like maybe we’re a little bit further than we were in 2007, but they’re still not everybody’s convinced. And I’m even surprised that major publishers that I’m coming across, and it’s not a foregone conclusion that the console is going to be replaced with streaming. And so let’s start there. Oliver, I have to imagine that a lot of what you’re spending time doing, aside from building the technology, is making the case for why internet delivery of a game experience is going to be better and is ultimately better than something that’s installed on a PC, downloaded or a console. So what insights do you have to share about where we are in this transition from consoles and discs to streaming for games?
And Mark, I think the analogy with the Blockbusters I think is very relevant. And I feel that first, in terms of market maturity for the end user, we are probably at that point where people would question, “Why should I do that? I can download a game, why should I actually stream it? Why do something different?” Right? And when I created Blacknut, actually a person that I highly respect told me, “Wow.” People will not use it because they can download it, right? Now, if you look at where we are right now with people now consuming all the media, like audio and video and your musics and books in a streaming manner, it seemed that definitely having those people accessing games the same way seems to be actually, it’s the right idea or the right next step, right?
And I do think that there is a bit more of maturity of people actually willing to access games this way. Now, there has been probably an inflection points in terms of technology maturity. I think the technology, meaning basically the hardware you can have on the cloud, the bandwidth you have available on your home, as a kind of device you have to run it and so on, is good enough to provide actually a great experience. And I do think that we are at the time here where we’re passing this inflection point that probably years ago it was not sufficient. And we have seen lot of companies trying to do this, but actually failing and failing really badly. But actually learning a lot from these failures.
So I think we’re at a very exciting time now where we have this maturity in terms of technology. We have the maturity of the end user, because they are used to consume this kind of media with audio, video, eBooks and so on. So probably they’re craving to get access to game, and more and more people are gaming. And we have also the maturity of the content owner and the publisher. So I think we’re at a very, very good time in the market.