Fings ain’t wot they used to be for the traditional television industry. Netflix and Amazon are already affecting viewing levels, with Apple and Google set to join Facebook at the feast. Will it be fangs for the memory for telly?
Faangs, an acronym for the US tech and media giants Facebook, Apple, Amazon, Netflix and Google, offer TV the modern way – streamed over the internet and watched when and where the viewer wants. Television, meanwhile, is lumbered with old-fashioned schedules.