The role of Telcos in content creation / aggregation

It is interesting to see Telcos scale back or even exit their forays into digital media and content creation / aggregation. 

Historically Telcos have had the mindset that they need to move up the value chain in TV and Media - by becoming content creators and aggregators - or else risk becoming a commodity provider ("Dumb Pipes"). 

This notion is now being challenged with Telcos not seeing the type of success that they would have expected.