According the Jasmine Brand/AfroTech, Ray J – actor, singer, television personality and entrepreneur – will be launching a digital network. Although specifications on the new venture have not yet been disclosed, it’s been said that the network will feature original content.
If the reports are in fact true, the move would come at a time when traditional television is facing competition as the growing interest with streaming giants such as Netflix, Amazon Prize, Disney+ and Peacock continues.
According to CNBC, “Nielsen, known for measuring television usage in the United States, said Thursday that 64 percent of time spent on televisions was on network and cable TV, while 26 percent of time was spent on streaming services such as Netflix and Hulu. Another 8 percent, categorized as “Other,” includes video-on-demand, streaming from cable set-top boxes and other TV uses, such as gaming and watching DVDs.”