This video of Henry Jenkins is couched in highbrow academia speak, which makes it a bit jumbled towards the middle, but I do wholehearted agree with his first three points.
1) Old Media is dying (network TV, national newspapers, music companies, etc.) and New Media is being born.
2) We are transitioning from a spectatorial culture to a participatory culture (kids today aren't happy to sit in front of a "screen" 100% of their time and have their entertainment dictated to them. They have YouTube where they can upload videos and comments, play video games, commune on social networks, blog, post, text, chat, etc.) All of the participatory activities consume significant chunks of time.
3) The few large corporations that once controlled the storytelling apparatus are no longer in control of the "storytelling" content anymore. Average citizens now have the means to control the content dictating/influencing what society views and participates in. The concept of "copyright" - and what it means has been tossed into flux. Especially, when average citizens are now making their own "stories" for "no profit" entertainment.
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