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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.

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.

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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.

People stayed home and signed up for Netflix by the millions in March. The company has no idea what comes next.

https://www.vox.com/recode/2020/4/21/21230397/netflix-pandemic-coronavirus-subscribers-16-million-earnings-tiger-king

vox.com

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Key Ideas

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.

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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.
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  • 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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Vivid dreams

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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.

Feeling guilty for being ok

Feeling guilty for being ok

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Suffering with others

It is comforting to know that other people have wrestled with the same questions we're facing, and have left us their best wisdom.

  • The Mahayana branch of Buddhism includes the idea of a bodhisattva - a person who's is willing to postpone their own ultimate well-being in order to help others along the path to their well-being. Ask yourself if you're willing to suffer a bit more.
  • The Buddhist teaching of the Middle Way warns against both extremes of self-denial and self-indulgence.

“The Arrow”

Guilt is often counterproductive. It makes us feel paralyzed. However, when we are in this state, we are not helping anyone.

One Buddhist teaching could be helpful as one wrestles with this problem. It's found in a discourse called the Sallatha Sutta, known as "The Arrow." When someone has a painful experience, like a physical illness or witnessing suffering, it's as if the world has shot an arrow into the person. The pain is normal. When one tries to make up a story around the pain, you shoot a second arrow into yourself.

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