A look at the macro picture for television as the industry adapts to a new normal of uncertain consumers and impatient investors, and fights for growth. Is there enough consumer spending power and advertiser budget to sustain our enriched TV ecosystem? How do SVODs grow profitably? What will stir the television set replacement cycle, if anything?  Is the connected car the new frontier in Media & Entertainment? We explore the evolving carriage and bundling relationships between Pay TV and studios, spanning linear channels, ad-free apps and ad-tier apps.