This week Netflix promoted Ted Sarandos to co-CEO, sharing duties with Reed Hastings, and showing a succession plan that places a strategic importance on content over technology. However, even though it added 10m subs in Q2, its share price fell by 10% following a warning that this pandemic-fuelled growth may not continue into Q3.
NBCU finally unveiled its streaming service Peacock, which was clearly intended to coincide with the Olympics, but alas, the pandemic has left it with a somewhat lopsided content offering that’s not helped any by a clumsy discovery experience. No doubt this will improve over time. Speaking of streamers whose world was rocked by the pandemic, Quibi won its court battle against interactive media company Eko, which had accused Quibi of patent infringement of Quibi’s famed ‘turnstyle’ technology.
Our Top Pick this week is the latest episode of TV of Tomorrow's Televisionation interview series, where our own CEO Claire McHugh chatted to host Tracy Swedlow about all of the ways that Axonista's interactive video technology platform Ediflo is being used to power everything from fashion TV shows to environmental activism, and local news! And Rerun even gets a special mention! - Thank you Tracy!
Until next week,