 Ronn Torossian |
A recent story in CNN crowned streaming media pioneer Netflix “arguably king of media.” With apologies to the self-appointed king of all media, Howard Stern, they may be right.
Netflix has certainly been on a roll lately. The media company recently took home its first Academy Award, for the documentary “Icarus,” and fans are excited about the entertainment giant’s upcoming slate of original programming. The second season of “Jessica Jones” is about to be released, and that’s just one of the critically-acclaimed and fan-favorite shows that have earned Netflix nearly 118 million subscribers.
Netflix on top
While the competition — Fox, Disney, Time Warner and Comcast Universal — all won multiple statuettes, these companies didn’t see the same Oscar bump that Netflix is currently enjoying.
Where movies and kids’ shows were once the linchpin for Netflix, and the company still offers plenty of both, the real cash cow for the company is streaming original content such as “Stranger Things,” “The Defenders,” “Orange is the New Black,” “Narcos,” “The Ranch,” and miniseries such as “Godless” and “Gilmore Girls.”
Through all its original programming, Netflix has found a unique mix of nostalgia — like “Gilmore Girls” and “Fuller House” — and inventive new programming that hits social cues and entertains across demographics. They’ve even found a way to deliver a fresh take on the superhero genre, which is dominating the box office and might suffer from viewer fatigue if Netflix had done it any other way.
Falling short at the box office
If Netflix does have a weakness, compared to the competition, it’s with newer-release movies. Amazon Prime, HBO and Apple iTunes all tend to get movies faster than Netflix does. And, while the streaming service does have a great contract with Disney to show its popular feature films, Disney does have plans to launch its own streaming services, so the longevity of that deal is in question.
Fortunately, Netflix chose to connect with its customers and carve out a niche that doesn’t need to depend on other creators’ content in order to thrive. And that has Netflix uniquely positioned for the imminent tipping point in viewership, when more people are streaming than watching cable. That day isn’t here yet, but it’s coming, and it’s coming faster and faster, thanks to the myriad options viewers now have.
There’s substantial competition out there from Amazon Prime, Apple and others like Hulu and the Disney cache of ESPN and Disney property channels. In the next few years, the streaming market will see some shifts and changes, some of them fairly tectonic, but as long as Netflix keeps pumping out great original content, it will have the inside track on staying in the lead.
***
Ronn Torossian is CEO of 5WPR, a PR agency.
Underscore Media, a new creator-led media venture dedicated to New York sports, is built around three established New York sports personalities, Sal Licata, Jimmy Traina, and John Jastremski.
McClatchy, which owns 29 daily papers across 14 states (including The Miami Herald, Sacramento Bee and Kansas City Star), launches a wave of layoffs that extends to at least 13 of those papers... The Toledo Blade, which was founded in 1835, is set to shut down on Dec. 31, unless owner Block Communications manages to find a buyer for it... A bill awaiting approval by California governor Gavin Newsom would give local newsrooms a boost. 
Fox News Media issued a pretty sparse release to announce the departure of one of its stars. “Effective today, Maria Bartiromo is no longer with FOX News Media,” it reads.
Brunswick Group partner John Simons has joined CNN as senior director of business & media. He held top jobs at Time and the Wall Street Journal.
WNET, the nation’s largest public media company, names Edward O’Keefe its next president and CEO, effective September 21. O’Keefe succeeds Neal Shapiro, who becomes president emeritus and will retire at the end of the year... The Stealth Bot Prohibition Act, which would empower news publishers and other content providers to defend themselves by mandating transparency for all bots crawling their sites, in introduced in the House by Rep. Laurel Lee (R-FL) and Rep. Valerie Foushee (D-NC)... Google gets socked by European Union regulators with a $1 billion fine for using the platform’s dominance as a search engine to illegally undercut competition.
