|Source: “Dr. Who and the Daleks,” BBC|
“We're all made of them! These charges will then be transferred in time and space and reassembled in their proper order and their proper place.” – Dr. Who, “Dr. Who and the Daleks,” BBC, 1965
Nothing is more enjoyable than watching something new—especially when it’s linked with the past.
On the flight back from a recent wedding, we watched a movie, finally finishing John Wick 3 to catch up with the storyline before the fourth “chapter” hits the screen next May.
So why mention the wedding?
When people get married, there’s this custom that the bride wears something old, something new. The old—we guess—is a point of reference, comfort with her past while the new is her future.
People like new adventures but not too new.
It’s like the content industry today.
People really want to break out from the past year and do things that are great, fun…familiar.
Double hit—Sure, there were and are some great films at theaters, but admit it, what really sucks people back in is the greasy, salty popcorn.
Nothing is more fun, more familiar than going to a movie with a huge box of greasy, salty popcorn, sitting in the dark with a bunch of newfound friends you don’t really know (and will probably never get together with again) to be immersed—visually, aurally—in a semi-familiar spectacle. The best experience is a new film that has a past you enjoyed.
|Source: Universal||Source: MGM|
Franchise winners—F9 (l) hit theaters with some of the best marketing for a film—or product—we’ve seen for long time. But nothing beats Bond—No Time to Die—as a franchise project leader. With 24 on the screens, no one seems to notice or worry that we’ve had a rotating martini drinker and we’ll probably have a new one next round.
You know—F9, Mission Impossible 7, Top Gun 2, Spiral, Justice League, Godzilla vs Kong, Black Widow, Suicide Squad, Venom, No Time to Die (Bond #25), Halloween Kills, Matrix 4, Dune, Eternals, Spider-Man, The King’s Man, Rugrats, Masters of the Universe, and more—all-new chapters of successful series.
The new films have been “okay,” but the new/old tentpoles are what are putting seats in seats around the globe. People are willing to sit at home watching new chapters of familiar stuff like Dick Wolf’s FBI, Chicago Police/Fire/Med; Law & Order, NCIS, FBI, CSI; Apple TV’s Blacklist, See, Morning Show; Disney+’s Big Hero, Mandalorian, WandaVision and…
You get the idea.
Broadcast networks (ABC, CBS, NBC, Fox, and those in other countries) have been desperate to refresh their old IP. Admit it, news is really boring today—samo, samo.
Murph tried—The idea of bringing back old comedies that resonated with folks and had a strong following sounds almost logical. But people age and fortunately tastes change because the Murphy Brown retread didn’t last a full season in the second time around.
They have drug Murphy Brown, Friends, Seinfeld, Wonder Years, Fresh Prince of Bel-Air, and others out of the vaults, dusted them off, and … considered.
Networks know linear broadcast TV is fading. But they’ve put on a brave front talking up rehashed existing material, remakes, and spinoffs as never before. They’re counting on familiar content and buzzy/cheap reality shows to hold onto the shrinking audience and less interested advertisers. The heyday of pay-TV is behind it.
Bundles shrink—You just don’t see families huddled together around the TV set to watch shows. Pay TV is still fighting but it’s a shrinking market.
Cable bundle providers reaped billions by increasing monthly charges while making it notoriously difficult for customers to cancel service and return the cable box. Of course, during that period, there was no competitive entertainment alternative, so…
Now, there is and networks (NBCUniversal’s Peacock, ViacomCBS Paramount+ and Pluto, Disney’s Hulu, and Fox’s Tubi) have responded with their own streaming services, taking the best of what works from the day/time venue to their IP-based, ad-supported services. If you were used to ads and “free” content before, they’ve got something new, fun, easy for your anytime, any screen enjoyment.
The only folks who can’t play by the new rules is Warner. They’ll give you their service—HBO Max with Ads (love the name)—for only $10 a month.
|Source: Warner Bros.|
Don’t tell —Even Wonder Woman knows that $10 for an ad-supported channel isn’t a real deal when Tubi, Pluto, IMDb, and hundreds of other channels around the globe let you watch the shows and ads for nothing.
You save a fantastic $5/month compared to HBO Max, but it’s worth it!
Don’t worry…the price will go up!
Now networks really offer something for everyone—day/time, any screen and any time, free of ads or at a modest ad fee—options. The ads? The networks are sweetening the offer for the streaming viewer with lighter ad loads.
The 20 minutes of ads in an hour’s linear “program” slot will come down to 4 to 10 minutes of ads/hour. Now that the entire content delivery system is digital; advertisers can also more precisely target the ads, capture more precise viewer data, make ads interactive and deliver less intrusive creative (assuming lawyer, car, and insurance ads really can be less intrusive).
The networks will develop more metrics/mechanics/programmatic ad activity as they transition from being solely media to tech/media companies. Studios and networks everywhere are walking the fine line between filling the theatrical pipeline and feeding their streaming services that compete with Netflix, Amazon, Apple, and everyone around the globe interested in capturing more subscribers at home.
It's a good thing the spigot was turned back on for project production because some old content should never see the light of day again. Studios, networks, and streamers are all pushing to fill their lineups with a broad array of new scripted/unscripted visual stories in every genre possible. Getting the streaming services launched and loaded up with new/old expensive films/shows that will attract people is no walk in the park.
Hastings and the Netflix crew know—they’ve been at it since 2007.
|Source: Ampere Analytics|
Changed field—Being aggressive in buying and developing superior content around the globe helped Netflix expand its subscription base and provided them with high-quality, high-energy and economic films/shows for people around the globe.
It took time, money, and governmental negotiations to reach 210+ million-plus subscribers around the globe (except mainland China, Iran, Syria, North Korea). Bezos and Amazon launched Amazon Video (the precursor to Amazon Prime Video) in 2012 but that was just to make their subscription membership for ecommerce, books, music, games, you name it. It wasn’t until 2016 that the company saw that content production/distribution could be a real business, and Bezos wanted a statuette for his bookshelf.
On the heels of Netflix, Amazon began investing in new projects around the globe and expanding entertainment options to more than 200 million global subscribers. Early on, the two learned the fundamentals of the industry that studios have known for years.
Producing a lot of content for local consumption in other countries is a benefit, not a limitation because:
- production is less expensive in other countries
- crew talent is good around the globe
- good video stories don’t have border limitations
With Hollywood, no longer the dominant international video story force and the global market growing; networks, studios, and streamers have increased their production activities around the globe. U.S. studios, networks, and streamers found that many countries are willing to provide significant financial incentives and support to expand their film/series creation industries.
And to sign up streaming subscribers in the various countries, most governments said at least 40% of the content had to be produced locally. Done and done because people in other countries liked the same types of stories. It’s no wonder that Ampere Analysis recently reported that Netflix is now the largest commissioner of European-scripted content.
|Source: Ampere Commissioning|
Serious savings—Once Netflix and Amazon had shown that people around the globe would watch “foreign” projects, every streamer began beefing up its international production. It was not only good, it was economic.
It has become increasingly easy for projects to be produced in England, Germany, France, Italy, India, Nigeria, Dubai, New Zealand, and just about any country. All of a sudden global SVOD services such as Netflix and Amazon Prime aren’t just increasing the value of global content production, they are increasing the value—and production budgets—in local markets.
Localized production and global distribution have also raised viewers’ content quality expectations.
Our expectations have admittedly been low. With new projects coming to a halt last year, studios, networks, and streamers quickly turned to check nearly or complete local projects to see which could be dubbed/subbed to fill their inventories to keep global subscribers entertained.
|Source: Ampere Analytics|
Talk to me—Everyone enjoys a visual story in their native language. Dubbing and subtitles for projects have gotten better and more economic in recent years.
To determine how well the films/shows resonated with subscribers, several streamers surveyed viewer acceptance of “foreign” dubbed films. They found what you might expect … very high consumer retention and engagement.
It reproves the aphorism—a rising tide lifts all boats.
To compete in the new global market, studio and network-owned platforms are rapidly emulating the Netflix/Amazon strategy of commissioning more new scripted content outside of Hollywood. As the M&E industry adage goes—imitation is the strongest form of entertainment. The variety of good, interesting, different storylines will enrich the breadth of viewing options for streaming subscribers.
But more importantly, it will increase the incomes of indie production/post crews around the globe and give them national and international visibility to enhance their careers.
|Source: “Dr. Who and the Daleks,” BBC|
Dr. Who realized the rich potential of global streaming production and distribution said, “How interesting! This is most interesting!”
And it’s all because people everywhere want to enjoy something old … something new.