other Netflix and Hollywood

[Oshawott]

Netflix has announced that it will increase its content spending by another 11%.

This means a very bad news for Hollywood as it shows that people are willing to spend on subscriptions rather than going to movies. Hollywood makes much more amount through theatre rights that subscription rights and this altered spending preferences at consumer levels has a lot of lessons for Hollywood.

What are your thoughts?

 

[Alamson]

The trend will surely continue. Netflix offers convenience and variety for a monthly subscription. There should be a rethink of the strategy by Hollywood. The options that can salvage the situation include:
-partnership with Netflix or other streaming platforms;
-prioritising quality over quantity;
-offering variety by accommodating Indie films, documentaries, etc.

 

[ActionAce]

Well, it is clear that streaming platforms like Netflix now modify how customers watch movies. So, Hollywood needs to adapt and transform their operations because customers have changed their preferences. The entertainment studios must change from their theater focus idea to streaming.