The document discusses how distributed computing using grids and cloud computing will change the media world. It outlines how virtualization of resources, open source components, billing systems, service level agreements, and infrastructure as a service allows for commercial grids. This enables increased efficiency, flexibility to deal with demand surges, and opportunities for applications to rapidly develop and deploy using scalable processing, bandwidth, and storage resources. However, there are also cons such as high provider lock-in and reliability issues. The document questions what other new resource types like mobile devices could enable when added to grids.