globalization   10556

« earlier    

Opinion | Netflix Is Shrinking the World - The New York Times
Netflix, which has become the internet’s most invaluable and intoxicating portal to the parts of planet Earth that aren’t America......A win by “Roma” would be a fitting testament to Netflix’s ambitions. Virtually alone among tech and media companies, Netflix intends to ride a new kind of open-border digital cosmopolitanism to the bank.......Netflix, which has 139 million paying members around the world, has lately become something more than a licenser of other countries’ escapist television.

In 2016, the company expanded to 190 countries, and last year, for the first time, a majority of its subscribers and most of its revenue came from outside the United States. To serve this audience, Netflix now commissions and licenses hundreds of shows meant to echo life in every one of its markets and, in some cases, to blend languages and sensibilities across its markets......Netflix has discovered something startling: Despite a supposed surge in nationalism across the globe, many people like to watch movies and TV shows from other countries. ....Hollywood and Silicon Valley have long pursued expansion internationally. But Netflix's strategy is fundamentally different. Instead of trying to sell American ideas to a foreign audience, it’s aiming to sell international ideas to a global audience.....a crucial difference between Netflix and other tech giants: Netflix makes money from subscriptions, not advertising.....This simple difference flips all of its incentives. It means that Netflix has a reason to satisfy every new customer, not just the ones in the most prosperous markets. Each new title carries subtitles in 26 languages, and the company is creating high-quality, properly lip-synced audio dubbing in 10 languages. For years, Netflix has roiled the film and TV business in Hollywood with its billions. Now it’s taking its money — the company spent $12 billion on content in 2018 and is projected to spend $15 billion this year — to film and TV producers in France, Spain, Brazil, India, South Korea and the Middle East, among other places.

Because it is spending so much on shows from everywhere, Netflix has an incentive to get the biggest bang for its buck by pushing them widely across its user base. Its algorithms are tuned toward expanding your interests rather than narrowing them. As a result, many of Netflix’s shows are watched widely beyond their local markets......Netflix does seem to be pushing cultural boundaries and sparking new conversations all over the world....It’s legitimate to ask how long Netflix will be able to keep up this cross-border conversation — whether, as it keeps growing, it will have to make legal or moral compromises with local censors or other would-be cultural arbiters.

+++++++++++++++++++++++++++++++++++++++++
Matt
Michigan2h ago
Farhad, I totally enjoyed your extrospection of Netflix as a global epoch-maker and change agent. This is globalization at its best. Netflix is outsourcing (crowdsourcing), outspending, and outwitting the Hollywood (s) of this world. Its recipe is simple yet profound: telling the stories of people, everywhere in this world, to themselves in their down-to-earth languages and customs. And technology has everything to do with it. Netflix would not have been where it is today if it was not for streaming technology. The assertion is true: technology is bring the world closer together.

By Farhad Manjoo
Opinion Columnist

Feb. 22, 2019
content_creators  cosmopolitan  cross-cultural  entertainment  Farhad_Manjoo  globalization  Hollywood  international_expansion  internationalization  international_diversity  Netflix  original_programming  streaming 
3 hours ago by jerryking
An Open Letter to Steven Pinker (and Bill Gates)
Real data on poverty has only been collected since 1981, by the World Bank. It is widely accepted among those who research global poverty that any data prior to 1981 is simply too sketchy to be useful, and going back to as early as 1820 is more or less meaningless.
steven_pinker  bill_gates  gates_foundation  poverty  charity  globalization  neoliberalism  optimism 
8 days ago by perich
Global Wealth Inequality
This article reviews the recent literature on the dynamics of global wealth inequality. I first reconcile available estimates of wealth inequality in the United States. Both surveys and tax data show that wealth inequality has increased dramatically since the 1980s, with a top 1% wealth share around 40% in 2016 vs. 25–30% in the 1980s. Second, I discuss the fast growing literature on wealth inequality across the world. Evidence points towards a rise in global wealth concentration: for China, Europe, and the United States combined, the top 1% wealth share has increased from 28% in 1980 to 33% today, while the bottom 75% share hovered around 10%. Recent studies, however, may under-estimate the level and rise of inequality, as financial globalization makes it increasingly hard to measure wealth at the top. I discuss how new data sources (leaks from financial institutions, tax amnesties, and macroeconomic statistics of tax havens) can be leveraged to better capture the wealth of the rich
wealth  inequality  world_trends  economics  globalization  finance  review 
10 days ago by rvenkat
Recent events highlight an unpleasant scientific practice: ethics dumping - Scientific ethics
THE ANNOUNCEMENT in November of the editing of the genomes of two embryos that are now baby girls, by He Jiankui, a Chinese DNA-sequencing expert—brought much righteous, and rightful, condemnation.
globalization  science  knowledge  ethics 
19 days ago by jbkcc

« earlier    

related tags

!audio  !interesante  !trends  2015  2016  2018  2019-01  2019  21st._century  @article  @comparison  @concept  @example  access  achievement  acoustics  aei  affluence  agriculture  amazon  american_giant  analytics  annatsing  antitrust  apparel  artificialintelligence  assets  at_a_loss_for_tags  austerity  authoritarianism  authority  automation  banking  banks  bcg  berlin  big_tech  bill_gates  bolton  borders  brankomilanović  breview  brookehrrington  bureaucracy  business  business_models  canon  capitalhoarding  capitalism  casteingthelowerclass  casteingthemiddleclass  censorship  certification  charitableindustrialcomplex  charity  charlottebartels  children  china  chinese  christophgröner  cities  citizenship  class  climate  climatechange  code  cognitive_democracy  collusion  commerce  communism  comparative_advantage  comparison  conflict  consciousness  conservatism  constitution  consulting  consumer_behavior  contemporary.art  content_creators  corporateconsolidation  corporatecorruption  corporateindemnity  corporatelies  corporatesoverignty  corruptedhealthcare  corruptedpolitics  corruption  cosmopolitan  course  courses  creativity  credentialization  credentials  crisis  cross-cultural  culture  culturewars  cyclesofhumanhistory  dani.rodrik  data  davos  debate  debates  debt  deep_time  democracy  democrat-platform  denmark  deschooling  development  digitaldemocracy  digitalwarfare  directdemocracy  disposability  documentary  donald_trump  doomed  dynasticwealth  economic_geography  economic_policy  economics  economist  economy  education  election2016  endofthegop  endoftheusempire  english  entertainment  entrepreneurship  epistemology  essen  ethics  eu  europe  fair  family  farhad_manjoo  farming  feminism  film  finance  financialcapitalism  financialization  firstamendment  food  foreignaffairs  france  free_trade  freedom  funding  future  gabriel.zucman  gates_foundation  geoestrategia  geographic_ingredient_branding  geography  geopolitics  germany  gettingbetter  gfc18  global  global_inequality  global_politics  globalgameofthrones  globalunrest  governance  government  governmentincompetence  governmentmalfeasance  governmentoverreach  greeneconomy  growth  gun-control  hacktivist  healthcare  healthcareincompetence  henry.farrell  history  history_of_ideas  hollywood  hongkong  housing  humanpsycology  hungary  ideology  illiberalism  imf  immigration  improvement  inclusive_globalization  income  india  industrial_policies  inequality  influence  informationobscurity  informationsecurity  informationwar  inheritance  injustice  insecurity  instapaper_favs  intellectualproperty  international  international_affairs  international_diversity  international_expansion  internationalization  internationaltrade  interview  italy  jacobmikanowski  jobs  josephstiglitz  js  justice  juttaallmendinger  kleptocracy  knowledge  labor  labor_economics  labor_market  labor_market_effects  languages  latecapitalism  law  legal  liberalism  listening  lobbying  local  lopez_obrador  machinelearning  macroeconomics  macron  manufacturers  market_failures  markets  mckinsey  mechanization  megacorp  megatrends  mesopotamia  mexico  middleclass  migration  military  model  monetary_policy  monetarypolicy  money  monopoly  morality  multinationals  myth  nafta  nationalism  neoliberalism  netflix  north_carolina  notsiliconvalley  nytimes  obsolescence  occupywallstreet  oil  oligarchy  on:nytimes.com  op-ed  optimism  original_programming  overview  ownership  ows  paperwork  parenting  paris  paulpiff  perspectiveandframing  peterthiel  philanthropicindustrialcomplex  philanthropy  platform  plutocracy  polarization  policy  political_economy  politics  pompeo  popularignorance  popularism  popularstupidity  popularunrest  poverty  power  precarity  privateschools  privatization  production  profit  profit_shares  progressive  prosperity  protectionism  publicschools  q1  race  racism  rajchetty  rana_foroohar  recession09  recycling  regulation  religion  reportage  review  revolution  rules  russellberman  russia-europe  russia  saudi_arabia  scale  scalemaking  schooliness  schooling  schools  science  scienceimpotence  segregation  semiconductor  sexism  socialcontract  socialjustice  socialsegregation  society  sociology  sound  sound_studies  space  speculation  spending  status  steven_pinker  streaming  success  supply_chains  suresh.naidu  surveillancestate  syllabi  taiwan  tax  technology  textiles  theguardian  thomaspiketty  to:nb  to_teach:undergrad-ada  tpp  trade  trends  trump-europe  trumpincompetence  trumppropaganda  tutorial  united_states  unlearning  unschooling  uoa  urban  urbanism  us  usa  usgov  utopianism  value  vision  visualization  wages  wageslavery  war  warfare  wealth  wealthgap  wealthmanagement  weather  webdev  webwewant  welfare  whatsapp  win  women  work  workers  world_trends  worldbank  worldview  zero-sum_games 

Copy this bookmark:



description:


tags: