In 2024, empires will crumble. Established pay TV operator hierarchies will finally follow AT&T’s 2021 exit from video, either indirectly via a part-sale to private equity as with DirecTV, or circuitously by canning cable and going the bundling route a la Wide Open West, Frontier Communications and – to the other extreme of exiting video completely – Cable One. The US is the epicenter of ongoing disruption, but 2024 will see the brutal effects of cord-cutting laid bare in Europe, Latin America and pockets of Asia Pacific. These tough decisions will cost thousands of jobs globally as dynasties look to outsource content licensing via streaming bundling deals, in turn shifting investments from owned and operated TV services and towards fiber…