The thread started with brightball suggesting that ESPN and cable TV will not be killed because of Twitch, Youtube, and other streaming services, because those services cannot stream one feed to all consumers cheaply.
schnable then suggested that cable companies are switching to IP-based streaming which will have the same issue. I pointed out that it doesn't have the same issue, because multicast can be done internally to the ISP's network - though it can't be done on the wider Internet, so Twitch, Youtube, etc, still can't compete.
It's not exactly "replicating it within their network" - i.e. there's not individual connections to every single endpoint. That would quickly overload the networking equipment for no reason - you'd be sending thousands of duplicate packets, just to different endpoints. This would have no benefit over streaming from Twitch, Youtube, etc.
Instead, you have one source (which might receive its stream over satellite, unicast IP over the internet, whatever else) within the ISP's network which sends a multicast packet to its router, which then automatically duplicates it and send it to all the routers it's connected to, which does the same, and so on and so forth. This is similar behaviour to existing cable infrastructure - each packet only hits each router once.
Some small cable ISPs, and apparently maybe AT&T, do this today quite happily.
Basically, we're agreeing, but you don't seem to think we are because of the details?