... geographically synchronous content.

That is, films, games and television shows will be available around the world at the same time. Perhaps a 24 hour delay will exist in some cases to accomodate time zones, but that's essentially synchronous.

Furthermore, I expect the Internet to be fundamental in providing this content.

What's in it for the consumer should be obvious, but the content providers gain too. They get their product to many more people in a manner they control. E4 (UK Digital TV station) saw its revenue increase dramatically when it become a free-to-view channel, due to the increased advertising potential.

Also, the market for pirate movies, games, is non-existant if they're released at the same time. Some movies do this already.

Finally, it'll keep traffic off the p2p and torrents since TV programs, such as 24, will be available legally, and essentially live. Furthermore, these official versions won't have the adverts cut out like the ripped versions. This again will increase their revenue stream.

There's probably other reasons and important points to raise here. But I'm tired (thanks to the great Technology 2.0 event at ZeroOne last night :) ) so will stop typing now.