2015: The year of video, or of video regulation?

[Commentary] 2015 will be the year in which video regulation catches up, or at least tries to, with the changing video marketplace. When individual videos are streamed on an as-needed basis, streaming video defies scarcity, which is why Internet-based streaming video is so powerful. With the loss of scarcity goes the basic justification for most video regulation. With the exception of supporting certain functions -- emergency alerts, for instance -- it is increasingly difficult to justify regulatory intervention in the video marketplace.

[Hurwitz is an assistant professor at the University of Nebraska College of Law]