LFTVD - Stranger Things Industries Flashcards
How did HBO challenge Curran and Seaton’s model?
It did not narrow opinions or creativity but led the way to Netflix
How does ST follow Hesmondhalgh’s theory?
Netflix needed rapid expansion so needed flagship programes they could market with big budget, stars and culturally relevant
Is ST a publicly traded product?
Yes - the US believes in free market capitalism without any interference
Why is the fact that ST is a showrunner important?
The Duffer brothers made ST to stand out from massed produced TV dramas
How is Netflix funded?
By subscription
What is free market capitalism?
An economic system where the free market delivers most goods and serves as commodities
How has Netflix changed viewing?
Move from timeshift watching to on-demand binge watching
How has viewing TV on phones/tablets changed viewing habits?
TV watching is no longer a family activity but an individual activity. This weans the television industry away from mass audiences
How is Netflix regulated?
it isn’t really! They have voluntary age ratings
What revenue did Netflix create in 2022?
$31.6 bn
What percentage of Netflix’s revenue is from USA and Canada?
44%
What revenue did Netflix create in 2016?
$8.8bn
What was the content spend in 2016?
$6.88bn (compared to $16.8 bn in 2022)
How many subscribers were there in 2016?
80mm
Was Netflix concerned with profit in 2016?
No - “greenlight everything”! They wanted to increase subscribers and establish a dominant position in the market at the expense of profitability
