As is stated in the article, the company used to have a major competitive advantage in terms of movie selection, where, “…customers could browse through thousands of titles…” (Hitt 106). Now, the entire scope of the market has changed and Blockbuster was much too slow to respond. The recent moves that it has made will surely generate profits, but not enough to sustain the company in the long run, seeing as there is nothing that differentiates Blockbuster’s services from that of its competitors. In order to fully gain lost market share back, the company would have to create some sort of highly innovative way of viewing or renting movies that none of its competitors has already thought of; It would have to be something that is rare, difficult to imitate, not easily substituted, and able to generate above-average returns. Unfortunately, at this point it looks as if none of this will come into fruition because Blockbuster has essentially decided to latch on to other companies, creating a sort of symbiotic relationship where the company feeds off of the success of its competitors.
Here rests the problem of piracy. Websites such as Media Fire, Rapid Share, and others facilitate billions of dollars in lost revenue for a variety of Media Corporations. Some of the ethical challenges surrounding the movie and music industry with respect to the Internet are piracy and illegal sharing of movie and music related content on the Internet. This activity hampers the revenues of the music and movie industry because of illegal content sharing and distribution throughout the globe via the Internet. Ethical challenges also extend to those who chose to download illegal material and furthermore set up shop to sell and distribute music and movies.
We move on to Xbox that has an overwhelming advantage for being in the online gaming business since 2002. This long history of development with examples like Xbox Live gaming service that allows a subscription base platform for multiplayer gaming puts Xbox in the forefront. However the weakness lies in its heavy competition with Playstation, GameCube, and Nintendo Wiki. They are also seeing competition from cell phone users that can download online games to their cell phones. As for Barnes and Noble the shift of sales from the lower priced Kindle is always a playing factor in its demise.
Netflix has had quite a bit of success here with shows such as ‘House of Cards’ and ‘Marvel’s Daredevil’, but other video streaming suppliers have started to create and release unique content as well, and some of the major media companies are pushing back against the unique content on streaming services by removing their own content from those streaming services. An example of this is CBS Corp.’s Showtime unit, who said they were going to remove their premium content from Netflix. The fourth and final challenge is the cost of accessing content, as the studios are clearly ready to raise the fees for their content, Netflix has to maintain a
Other financial ratios include current and quick ratios as well as debt and equity ratios. Located in Appendix A is a financial ratio chart for Amazon. As a result of our analysis, we observed the fact that CanGo lacks communication within the organization, poor management structure and limited knowledge of the systems. Other issues that we observed were the lack of resources needed in order to expand the company and invest in Online Gaming. CanGo is a company that has experienced record growth over the years and continues to put fourth effort to expand by considering investing in the Online Gaming industry.
Everyone was going to the video store for the new releases of all movies. The 20th century changed everything, bringing competitors Redbox, Video-On-Demand and Netflix. Blockbuster turned down a $50 million deal with Netflix back in 2000 but, 2010 was when Blockbuster received its first warning of failure. In March of 2010 Blockbuster received a warning of bankruptcy from their independent auditor, Price Waterhouse Cooper. However, it was not until August 26, 2010 when Blockbuster announced a pre-packaged bankruptcy, citing $900 million in debt and strong competition of Netflix, Redbox and Video-On-Demand in as contributing factors.
They recently ran a special on digital cameras but seen on 5 sold. This was due to poor marketing strategies. The company needs to get more people out on the campuses and in the area to promote the brand. Give out passes for VIP customer to come in and check out the products. Showtime Media’s marketing strategy needs to be more vigorous and appealing to customers.
Fifty percent of MLBAM’s revenues come from fans who pay $120 a season to watch games live over the Internet and the remainder is gen erated from advertising next to its online content. The business has grown into a significant revenue source for Major League Baseball, which has total revenues of about $6 billion. “They have a passionate base thatthey went after in a smartway,” says Bobby Tulsiani, analystwith the market research firm JupiterResearch. MLBAM’s strategy is enlightening for other sports franchises and, undeniably, for other Companies in the online content business. While most leagues limit what they put on the web and avoid streaming live video online out of fear that their television ratings could be hurt, MLB’s experience suggests that such concerns might be misplaced.
Also digital culture and social media had made they forgot about the reality and live in a virtual life. “The Dumbest Generation” that wrote by Mark Bauerlein is one example. Bauerlein believes that digital culture and social media had cut young adults away from history, civic, literature, and fine arts. However, I have the opposite opinion; believe that digital culture actually made young adults smarter in different ways. There are many famous people including Bauerlein himself were having an argument with another group of people on whether digital culture is an advantage or not.
The rich media tycoons pay a lot of money to the government and you can say they have them in their pockets. The media tycoon’s are losing a lot of money per year compared to their profit breaking years in the past. Me being a fellow preacher of gaining knowledge, I find this law extremely false and unjust. The online piracy law that is intact right now states we can only download a copy of something we already have in our possession or its theft. But if we find the definition of theft it includes that while the person has something stolen from them they must no longer have what was stolen.