High-definition television does more for sport than for many other genres: you may not want to see a newsreader's wrinkles, but it could be fun to watch the grass ruffled by the wind or the beads of sweat running down Kobe Bryant's face.
It goes without saying that there are manywrinkles and kinks when it comes to valuing a company, but the bigger a company gets, the more true it becomes that its value is based on the above paradigm.