Google and YouTube exec Robert Kyncl’s plans for the future of web TV—and the company’s big bet on professional content:

“Kyncl’s relationships in Hollywood would help in securing premium content; and, more important, he understood entertainment culture. He brought ‘the skill set of being able to bridge Silicon Valley and Hollywood—an information culture and an entertainment culture,’ he told me. The crucial difference is that one culture is founded on abundance and the other on scarcity. He added, ‘Silicon Valley builds its bridges on abundance. Abundant bits of information floating out there, writing great programs to process it, then giving people a lot of useful tools to use it. Entertainment works by withholding content with the purpose of increasing its value. And, when you think about it, those two are just vastly different approaches, but they can be bridged.’”