Ah, the dilemma of success. You begin as a small company, working a particular little niche in the world. And you succeed! So you decide to stretch your wings just a little more. And you succeed again! Suddenly you realize you have become a player, a new power in the media world. What you do next needs to be carefully considered.
In this case, the little engine that could is Netflix. What began as a DVD by mail video company in 1998 has worked its way steadily up the media hierarchy. Streaming as added in 2007 and Netflix began creating original programming in 2013. With shows like “House of Cards”, “Orange Is the New Black” and the hit of this past summer “Stranger Things”, Netflix has shown itself to have some serious game. Backing that up are the dozens of Primetime Emmy, Creative Arts Emmy and Golden Globe nominations they’ve received. “House of Cards” became the first web based show to win a Primetime Emmy.
So the question becomes where do you go from here? You’ve got movies, and TV shows (both old and new). Heck, you’ve even entered common internet slang. It’s interesting to see the areas where some expansion is happening. One is small and the other is potentially huge.
The small expansion is in an area called “slow TV”. If you remember the Christmas morning fireplace on TV (and now available on disc), then you understand the basic concept. In this case, they are videos of peaceful scenes that allow you just, well, chill. You basically see an everyday event from beginning to end. A canal or train ride, people knitting, all very relaxing.
On the slightly more dynamic side is the discussion about Netflix creating its own TV network. Media commentator Wayne Friedman notes that Amazon began as an internet only presence and is now opening brick and mortar stores, so why shouldn’t Netflix consider launching its own old media network presence?
Netflix stock price is hovering just below one hundred dollars (up from just under four dollars about nine years ago). They are always looking for ways to expand their subscriber base. It is a “more eyes means more money” kind of business. Add in that they are already producing some of the most interesting and praised content available and you have to begin to wonder. They have the investors interested, they just added almost two million more subscribers, and they are hot, hot, hot. Let’s face it, most cable channels rely on a base of re-runs. Netflix has shown a deft touch in choosing different and interesting programs anyway, so why couldn’t they offer something unique here as well?
The other side of being a big success is that the business decisions tend to come with a higher price tag, win or lose. We’ll have to wait and see what Netflix does.
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