Alright, let’s talk about this Netflix thing, you know, like them fancy folks on TV. I heard someone jabberin’ ’bout “Porter’s Five Forces” and Netflix. Sounds complicated, but I’ll try to make sense of it like I’m explainin’ it to my neighbor Bessie.
First thing’s first, competition. It’s like when all the hens in the coop fight for the best feed. Netflix ain’t the only rooster in the henhouse no more. Back in the day, it was just them and Blockbuster, that place where you rented movies, remember? Now, you got all sorts of new chicks – HBO Max, Disney+, Amazon Prime, all peckin’ at the same corn. They all want your money, see? So, Netflix gotta keep its feathers shiny and its worms juicy to keep folks comin’ back. They gotta make them shows good, real good, or folks will wander off to another coop.
- Lots of competition means Netflix gotta work harder.
- More choices for you and me, that’s for sure.
Next up, them new fellas tryin’ to get in the game, the “threat of new entrants,” they call it. It’s like when a new farmer sets up shop next door. It ain’t easy to start a Netflix, you know? You need a whole heap of money, good connections with them movie makers, and a way to get your shows to folks. But some big companies with deep pockets, they can do it. And that makes things tougher for Netflix. They gotta keep an eye out for these newcomers and make sure they ain’t stealin’ their customers.
Then there’s the “supplier power.” That’s like the folks who sell the corn to the farmers. For Netflix, them suppliers is the movie studios, the actors, the writers, all them folks who make the shows. If them suppliers get too greedy, if they start chargin’ too much for their corn, well, Netflix gotta pay up or find other chickens to feed. But if Netflix gets big enough, it can start makin’ its own corn, its own shows, and then it don’t gotta rely on them other folks so much.
Now, the “customer power,” that’s you and me. We’re the ones eatin’ the corn, see? If we don’t like the corn, we ain’t gonna buy it. If Netflix starts chargin’ too much, or if the shows get lousy, we can just go somewhere else. We got plenty of other coops to choose from now. So, Netflix gotta keep us happy. They gotta give us good shows, good prices, and make it easy for us to watch whenever we want. They even let you watch on your phone now, can you believe it? Little pictures on a tiny screen, what will they think of next?
And finally, “substitutes.” That’s like, instead of eatin’ corn, you could eat somethin’ else, like potatoes, maybe. For Netflix, that means anything else you could do instead of watchin’ their shows. You could go to the movies, watch regular TV, play games, read a book, or even just sit on the porch and watch the cars go by. Netflix gotta make sure their shows are more entertainin’ than all them other things, or folks will find somethin’ else to do with their time and money. Lots of folks like watchin’ videos on that YouTube, that’s a big substitute, I reckon. And them video games, them kids are always playin’ ’em. Netflix gotta keep up with all that, or they’ll be left in the dust.
So, puttin’ it all together, what does it mean for Netflix? Well, it means they gotta stay on their toes. They gotta keep makin’ good shows, keep their prices fair, and keep an eye on all them other chickens in the henhouse. It ain’t easy, but if they do it right, they can keep us all fed and happy for a long time to come. It’s a tough world out there, even for them fancy TV folks. You gotta be smart, work hard, and give folks what they want, or they’ll go find it somewhere else, that’s for sure.
They say Netflix is doin’ all sorts of things all over the world, makin’ shows in different languages and all. That’s a lot of mouths to feed, I tell ya. But if they can keep findin’ good corn, and keep them chickens happy, they might just make it.
But remember, nothin’ lasts forever. Just like that old rooster we had, one day he just couldn’t crow no more. Netflix gotta keep adaptin’, keep changin’, or they’ll end up like that rooster, replaced by a younger, stronger one. That’s just the way of the world, I reckon. You gotta keep movin’ or you’ll get left behind.
