This investment bank presentation tells you everything you need to know about the state of TV right now

It's been an awful week for US TV companies. Cable stocks plummeted as investors had nagging concerns over viewers cutting the cord on cable television.

Meanwhile, media companies' earnings reports revealed a continued softening of the $70 billion TV ad market as big marketers increasingly shift more and more of their budgets to digital advertising.

If you want to get a handle on what's happening with TV and the state of the digital video market, investment bank LUMA Partners' CEO Terence Kawaja delivered another of his epic presentations at VidCon last month on exactly that.

The deck covers:

• The rise and rise of new players in the digital video market
• Traditional TV versus digital video players
• The new economics of TV
• And the increasing M&A activity in the video market

Commentary on the slides is courtesy of LUMA Partners' CEO Terence Kawaja, with light editing from Lara O'Reilly.