Quote:
Originally Posted by spiderplant
Nokia. Pan Am. Lehman Brothers. Kodak.
Could be adding Boeing to that list if they don't handle their current crisis well.
I was reading earlier about a drug tampering incident in the US.
"Before the poisonings, Tylenol brands held around 35% of the US market for acetaminophen [paracetamol] and in the immediate aftermath, fell to 8%"
In that instance, the manufacturer handled the situation well, and eventually recovered their market share, but it shows how external factors can play a part.
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I don't think Netflix intends to poison anyone and we could go through each one of those others, but really...?
Those were old companies who were behind the curve. Netflix is not only ahead of the curve, but leading it.
If someone comes out with a product that is better and cheaper than Netflix, then of course they're at risk. But 139m+ customers is a massive ladder for competitors to climb up and they won't get there anytime in the next three years, if at all.
---------- Post added at 15:26 ---------- Previous post was at 15:25 ----------
Quote:
Originally Posted by denphone
Customers nowadays are quick to vote with their feet if they don't think they are getting value for money and no company can sit on their laurels and think that loyalty is permanent because it ain't as the business world is littered with corpses where companies took their customers for granted and then several years down the road found out that those customers were not there any more and had gone off to someone else.
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Agree, which is why Netflix is spending the money now on content while its still in its growth phase.