This article discusses about the two-series biopic written by Peter Morgan (the writer of the film The Queen) and how it will not be airing on the BBC; instead it will be on the subscription service Netflix from Friday 4 November. Netflix has been best known for US commissions such as House of Cards and Stranger Things, but its move into British dramas such as these demonstrates the changing nature of the television industry. The article suggests that the BBC faces increasing competition from better resourced, international rivals. Cohen, the BBC’s then head of television, has admitted that the corporation “couldn’t compete with the amount of money that Netflix were prepared to pay” for “a classic BBC subject”. Netflix, by contrast, committed to spending a £100m budget within 40 minutes of sitting down to discuss the drama.
- Netflix is one of the highest growing Online Movie streaming services in the world; The Company has now over 75 Million subscribers from over 190 countries. The financial growth of Netflix is also phenomenal; the Revenue of Netflix for the year 2015 was $6.7Billion.
I believe that the services Netflix provides for its audience will have an impact on the BBC, which depends on the public to provide it with the money needed to buy such films. Netflix doesn't have to follow a charter and can get revenue in several ways unlike the BBC, so this will ultimately lose out on such films that are regarded as BBC classics. This is simply the way the industry works.
This article discusses how the “digital first” strategy has been having a negative impact on newspaper companies and calls for “a critical re-examination of unchecked assumptions about the future of newspapers”. Chyi and Tenenboim studied the online readership of 51 leading US regional newspapers and compared 2011 online readerships with those in 2015.
and have discovered that more than half of them had lost online readers in the course of the four years. However, according to the article if newspapers change their strategies they will not be completely doomed. According to Shafer, the standard view in the newspaper industry has been that print newspapers will eventually evolve into online editions and reconvene the mass audience newspapers. However this is not happening. Readers continue to leave print newspapers, but they’re not migrating to the online editions. Shafer sees “conventional newspapers as the best source of information about the workings of our government, of industry, and of the major institutions that dominate our lives”
- US newspaper industry digital advertising revenue increased from $3bn to only $3.5bn from 2010 to 2014.
- Although print revenues plunged from $22.8bn to $16.4 bn over the same period, they still represented 82% of total newspaper revenue.
This article has personally changed my viewpoint on the digital first strategy as it outlines the complications that come with it. I believe that newspapers are the best source of information and accountability journalism, and that the digital first strategy may be having an impact on the gatekeepers of journalism who are able to provide us with reliable news.
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