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People stayed home and signed up for Netflix by the millions in March. The company has no idea what comes next.
Clueless Companies
Consumer companies around the world are in limbo. They are groping in the dark due to a lot of variables in the current situation.
Many are non-essential businesses, others rely on logistics and physical goods to be delivered. Many businesses are forced to close by the government, due to the social distancing norms, even though the consumers need them.
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Netflix And Chill In Lockdown
The global crisis of the 2020 Pandemic, resulting in billions in lockdown, has resulted in 16 million people signing up for Netflix in March, taking the total subscribers to 183 million.
This provides consumer companies an important lesson regarding the viability of their products in an economy where 22 million people are suddenly unemployed (in the U.S.) and millions more have a bleak future.
Clueless Companies
Consumer companies around the world are in limbo. They are groping in the dark due to a lot of variables in the current situation.
Many are non-essential businesses, others rely on logistics and physical goods to be delivered. Many businesses are forced to close by the government, due to the social distancing norms, even though the consumers need them.
What Makes Netflix Tick
.. is that it is:
- An internet-only business model, with no physical goods to deliver, having no interruption due to the lockdown.
- Not dependent on advertisers, being a subscription-based service.
The New Battlefield
- Though it is buying fresh content, there are brand-new players in the market with deeper pockets (Apple and Disney) and also Amazon Prime, who are in for the piece of the pie.
- Netflix may soon run out of new content, and due to the pandemic, production is halted for all movies and series, though it is working on animated content, which is made by animators working from home.
- The current library for Netflix is huge, and it also has the advantage of a strong recommendation algorithm.
SIMILAR ARTICLES & IDEAS:
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Changes you may see
If and when you return to your office after the pandemic, you'll probably notice some changes.
- The doors of the building may open automatically, so you don't have to touch the handl...
Working from home
Before the pandemic, only 4 percent of the US workforce worked from home at least half the time. However, the trend of working from home had been gaining momentum for years.
It is estimated that within a couple of years, 30% of people will work from home multiple days per week.
Continued remote work
- Before the pandemic, a lot of company management and leaders were skeptical regarding remote work. But the skepticism will go away because companies recognize that remote work does work.
- The economic impact of the pandemic will likely force employers to cut costs. They may reduce their rent by letting workers work from home instead of layoffs.
- Employers had to spend money on new technology and equipment to work from home - a departure from the norm.
- Employees themselves are also spending more money to create better home offices.
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The Feature Presentation of 2020
Throughout history, the most significant and world-changing events emerge in a low-key manner, without warning. 2020 has one such event.
While a global pandemic is unfolding right before our...
Bad Predictions
During 9/11, it was predicted that the event will permanently alter our sense of irony. In reality, 9/11 caused massive changes in air travel norms.
At the time of the 2009 financial crisis, Time Magazine declared that conspicuous consumption is now over. In reality, the economy made record gains after the 2009 dip.
Many others also predicted a long-term reluctance to spend. In reality, global sales of luxury items show an upward trend in the last 20 years.
Carmakers slashed production of SUVs, a symbol of excess, and just a ‘bubble’ according to an expert. In reality, Carmakers are slashing sedan production due to the high demand for SUVs.
The Unpredictability Factor
Predictions are inherently inaccurate because in the time horizon of 10 to 12 years many other things happen which cannot be foreseen, and which cause all kinds of good and bad effects. Speculation is useful and starts interesting discussions (like death rate predictions and economic consequences), helping us make the right steps.
The Prediction that can’t go wrong: The future is always unpredictable.
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Vivid dreams
During the 2020 pandemic, many people anecdotally reported surreal and more vivid dreams than usual.
Some theorize that the onset of vivid imagery is a result of changing sleep schedules. O...
Stress about a global pandemic
The continuity theory of dreams hypothesizes that people dream about the stuff they're thinking about and doing while they are awake.
Some researchers believe that dreams have a functional purpose that prepares us for difficult or challenging situations when we awake.
Similar types of dreams
The biggest variables that influence your dreams have to do with your regular sleep cycles. If it is a very traumatic event, people will experience nightmares.
People are also thinking more about their dreams, which makes them remember their dreams better.