Post by account_disabled on Jan 30, 2024 14:02:14 GMT 10
The streaming world woke up this Friday with an earthquake. Reed Hastings, founder and CEO of Netflix, decided to resign from his position after 20 years at the helm of the company. The person responsible for the decisions that allowed the company to become the intractable giant it is today. From the operation of a rental company that sent the tapes home and that worked by subscription, to the jump to digital distribution. But at the same time, Hastings had become, along with co-CEO Ted Sarandos (who will maintain his position), a stone in the way of some decisions that would change how the company is understood. From increasing the exclusivity time in theaters to generating greater income for their productions.
It is a test that they already did with the opening week of 'Glass Onion' in theaters, ' Bardo' by IƱarritu in Mexico (where the film had a month of exclusivity) or the musical 'Matilda' in the United Kingdom. Who could push this is the new Co-CEO who will accompany Sarandos: Greg Peters. Peters was named COO in 2022 and has done everything necessary to increase the company's revenue. He was in charge of the Telegram Database company's foray into the world of video games and its ad-supported subscription. Both proofs that he has no qualms about sacrificing the company's identity to increase its income. by Taboolayou may like The food we all eat several times, but it can damage the pancreas THE VALUE OF A MOVIE TICKET FOR NETFLIX The truth is that for Peters it can be very tempting to see the income that can be generated by releasing a film in theaters. From the approximately 200 million dollars that it is estimated that Avatar could have generated in profits.
At the same time, all signs point to the fact that the exclusivity window for 'Glass Onion' left good numbers, which could have been better if they lasted longer in theaters. To this we must add that it is very difficult for films to measure their value for the production company without having box office numbers. Even when a Netflix movie like 'Red Alert' or 'The Invisible Man' is successful in the first few days, it most likely took you a few minutes to remember them, and without a real cultural footprint it is difficult for them to attract new users to the platforms. Added to this, having subscriptions as its main business, Netflix can take the blow of a failure better than Paramount or Universal. Glass Onion: A Knives Out Mystery.
It is a test that they already did with the opening week of 'Glass Onion' in theaters, ' Bardo' by IƱarritu in Mexico (where the film had a month of exclusivity) or the musical 'Matilda' in the United Kingdom. Who could push this is the new Co-CEO who will accompany Sarandos: Greg Peters. Peters was named COO in 2022 and has done everything necessary to increase the company's revenue. He was in charge of the Telegram Database company's foray into the world of video games and its ad-supported subscription. Both proofs that he has no qualms about sacrificing the company's identity to increase its income. by Taboolayou may like The food we all eat several times, but it can damage the pancreas THE VALUE OF A MOVIE TICKET FOR NETFLIX The truth is that for Peters it can be very tempting to see the income that can be generated by releasing a film in theaters. From the approximately 200 million dollars that it is estimated that Avatar could have generated in profits.
At the same time, all signs point to the fact that the exclusivity window for 'Glass Onion' left good numbers, which could have been better if they lasted longer in theaters. To this we must add that it is very difficult for films to measure their value for the production company without having box office numbers. Even when a Netflix movie like 'Red Alert' or 'The Invisible Man' is successful in the first few days, it most likely took you a few minutes to remember them, and without a real cultural footprint it is difficult for them to attract new users to the platforms. Added to this, having subscriptions as its main business, Netflix can take the blow of a failure better than Paramount or Universal. Glass Onion: A Knives Out Mystery.