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Media: Social Media Goes Public
CNBC.com | December 01, 2011 | 02:33 PM EST

Grading last year's predictions , I'll take a B+.

1. Cable and satellite giants will resist cord-cutting

They're still fighting to keep consumers paying, but they haven't suffered too badly. The real threat isn't cord-cutting, but college graduates who seemingly never pay a cable bill and "cord-shavers" who cut back.

2. Facebook will get bigger.

Facebook has over 800 million members. My prediction was an understatement.

3. 3-D technology will decline in importance.

Three dimensional TV is absolutely less important. Movies like Walt Disney's"Pirates of the Caribbean: On Stranger Tides" and "Kung Fu Panda 2" (distributed by Viacom'sParamount Pictures) drew less than 50 percent of their opening weekend box office from 3-D screens. And despite more, higher-priced 3-D tickets, the overall box office is down 3.7 percent year-to-date.

4. Console game business will be set for a big battle.

It hasn't been a great year for second-tier video games. Total game sales are expected to be flat or lower, despite the fact that Activision Blizzard's launched the biggest game ever, "Modern Warfare 3." And as I expected, companies are rolling out more subscription services, like Call of Duty Elite.

5. Celebrities will monetize their brands

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