Header Ads

Hollywood Torrent: What’s the best way to release a TV show?

Hollywood Torrent
Hollywood Torrent
From Bloomberg
FOLLOW US Facebook Share Twitter Share SUBSCRIBE Subscribe
 

Good afternoon from Los Angeles, wherever you may be. I will try to keep it brief since most of us have a long weekend.

Let's start with a poll. Your favorite TV show is coming back this week; would you rather episodes be released all at once, weekly or in batches of three?

This wasn't a debate 10 years ago, because TV networks all released their shows weekly. Netflix changed the paradigm, as it has in so many other ways, by releasing all episodes of a TV series at once and spawning the concept of "binge viewing."

The success of Netflix has convinced some people that this type of release is the best approach. If it works for Netflix, it must work for everybody else.  But this argument is conflating the superiority of Netflix's product with the superiority of binge viewing.

People love Netflix because it's on-demand; people want to choose when to watch a show instead of having to show up at a prescribed time. Live TV is silly unless you're watching sports or news.  People don't like ads; they'll tolerate them, but they prefer not to watch them.

Binging? People like it, there is no doubt. But is it the best way?

I have worse recall for shows I binge. I am not alone. Many people feel shows get lost on Netflix, or failed to be part of the cultural conversation for very long because of the way in which they released.

Netflix knows dropping episodes all at once doesn't work for all TV. The service has experimented with different strategies for talk shows like Hasan Minhaj and David Letterman, and is about to release a new music competition show in batches of episodes.

Former Netflix employee Alexandre Giess said Netflix actually tested releasing episodes weekly last year, but decided customers didn't prefer it. Just testing the spaced out release without testing a shift in the volume of shows or marketing isn't sufficient. You release shows weekly to put more firepower behind them.

At the same time Netflix has had success with its drops, other networks have thrived using more traditional models. It's hard to think of a more popular show in the world than "Game of Thrones." HBO milked the most out of its last couple seasons by not only releasing episodes weekly, but also spacing it out over two years.

You could say that this wasn't good for the consumer, but tell that to the people who love reading weekly recaps and hypothesizing about different characters. Many other shows, be it "Empire" or "Breaking Bad," built up their audience over time.

Most of Netflix's new streaming competitors are hewing to more traditional models as well. Disney+ will release episodes weekly, while Apple TV+ will use a hybrid model, releasing in batches and then weekly. (Chris Ryan and I discussed the various approach everyone is taking, and what this will mean for customers, on the latest episode of his podcast "The Watch.")

This is not to say that the traditional approach has won out. If anything, as every media company races to copy Netflix with a streaming service of their own, the differing release strategies maybe one of the few areas of experimentation and innovation we have left. -- Lucas Shaw

 
Netflix loses, theaters lose, we all lose

Netflix unveiled its fall movie slate this week, including plans to release 10 movies in theaters over the next few months.

The list of titles includes likely awards contenders, such as Noah Baumbach's "Marriage Story" and Martin Scorsese's "The Irishman." It also includes an Eddie Murphy comedy and a Santa Claus animated movie, two films that are unlikely to top critics' year-end lists.

The New York Times labeled this a failure on the part of Netflix, which had been trying to convince at least one of the larger movie chains to carry its movies. They all balked because Netflix declined to withhold any of the films from its service for as long as they wanted. As it stands now, these movies will screen exclusively in theaters for anywhere from one week to one month before also being made available on Netflix.

It's hard to know who to blame here. The movie theaters are trying to protect their business model, which is at risk if most movies are made available at home at the same time they are in theaters. But they are doing so in a way that frustrates their customer.

They have neglected to experiment with new models, like flexible pricing. Why not charge different rates for different movies, or on different days? Why not mix up what you program in theaters, and not only show current movies? There are ways to bring more people to theaters without preventing people from watching at home (if that's what they want).

At the same time, Netflix is stubborn as a mule. Martin Scorsese loves theaters. Theaters love Scorsese. Can't you agree to give the Scorsese movie an extended run in theaters if that enables it to play on more screens?

Again, this hurts the business model. The more people watch it in theaters, the fewer people watch it on Netflix. But is one movie, or a handful of movies, really going to endanger Netflix? No. It's a TV company. And if the movie is a huge hit in theaters, it's going to be really popular on Netflix for years to come.

An Oscar preview 

Film festivals in Telluride and Toronto kicked off the film awards' season (yes, it's interminable). Some of the early takeaways:

 

The week that was

  1. Chinese regulators are investigating Tencent Music, China's largest music company, over its relationship with the world's three biggest record labels. Tencent has exclusive deals with all three, which competitors say has damaged their businesses.
  2. Viewership of the Video Music Awards fell to a new low for the third straight year.
  3. The No. 2 executive at AT&T stepped down. Experts identified two female candidates as the most likely to succeed John Donovan.
  4. Amazon and Sinclair Broadcasting teamed with the New York Yankees to buy the baseball team's cable network from Disney.
  5. Two senators called for an investigation of the ticketing industry. Amy Klobuchar and Richard Blumenthal are worried about competition in a market dominated by Live Nation.
  6. The Obamas' first Netflix documentary, "American Factory," is the talk of China. Odd since it's not legally available in the country.
 

It's Taylor's world

The No. 1 album in the world is Taylor Swift's "Lover." The album out sold every other album this year in just a couple days, and scored the biggest debut since Swift's last record, "Reputation."

The album was a big seller before it was even on-sale thanks to a deal with Target, and other merchandise bundles on Swift's website. "Lover" also set a record for any U.S. album in China, though take that mark with a grain of salt.

The No. 1 movie in the world is still "Hobbs & Shaw." The movie is nearing $700 million worldwide thanks to its strong overseas performance. Summer box office sales are about even from last year, but the year's sales are still down. 

 

Discoveries

Companies are using virtual reality to train bosses how to fire employees.

Celebrities are turning to vlogging to stay relevant in the internet age.

YouTube CEO Susan Wojcicki hailed the need for diverse voices in a letter to creators. She issued the quarterly letter after being criticized for letting hateful speech remain on the video site.

Lil Nas X's "Old Town Road" is the shortest song to reach No. 1 in 54 years, and Tool's "Fear Inoculum" is the longest song to ever chart on the Billboard Hot 100.

Amazon and Roku are duking it out in Europe.

 

Weekly playlist

A weird mix this week. A couple one-hit wonders from the '90s, a classic rock song and the new Taylor Swift.

 
 

No comments