{"id":552002,"date":"2022-08-04T13:38:06","date_gmt":"2022-08-04T13:38:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/ceos-are-taking-a-harder-line-netflix-is-figuring-out-how-to-enter-the-ad-supported-space\/"},"modified":"2022-08-04T13:38:06","modified_gmt":"2022-08-04T13:38:06","slug":"ceos-are-taking-a-harder-line-netflix-is-figuring-out-how-to-enter-the-ad-supported-space","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/ceos-are-taking-a-harder-line-netflix-is-figuring-out-how-to-enter-the-ad-supported-space\/","title":{"rendered":"CEOs are taking a harder line + Netflix is figuring out how to enter the ad-supported space"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>You may be used to having your streaming experience interrupted with ads, but Netflix is still getting its head around the ad world:<\/strong> The streaming giant is being forced to contend with an ad-supported subscription after weathering two consecutive quarters of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/16ff8dab-ce2f-4c89-9de0-ef3b6d9083b4\">subscriber losses<\/a> and losing roughly two-thirds of its stock value this year, the <a href=\"https:\/\/www.wsj.com\/articles\/netflix-ads-plan-streaming-business-11659538834?mod=hp_lead_pos5\">Wall Street Journal<\/a> reports. Netflix has always balked at running ads, but the change of heart comes amid a bloated landscape of competitors and the reality of growth challenges, bolstered by Netflix\u2019s market research showing customer satisfaction hadn\u2019t dipped for subscribers using Hulu and HBO Max\u2019s ad-supported plans. The company\u2019s historic disdain of ads means that it\u2019s \u201cpivoting from a position of weakness,\u201d with a quick shift of gears requiring it to build a side of the business from scratch, the WSJ notes.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Luxury brands are diving further into the NFTs cryposphere despite the \u201ccrypto winter\u201d<\/strong><strong> slump. <\/strong>Gucci has expanded payment methods to include ApeCoin at some of its stores, while Tiffany & Co. launched NFTs as a way to create custom physical jewelry, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-08-03\/luxury-brands-gucci-tiffany-co-dive-into-nfts-despite-slump\">Bloomberg<\/a> reports. These moves coincide with a weakening NFT market alongside a wider <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/235a98fc-47fa-451e-80e6-b73214c38a68\">crypto wipeout<\/a> of USD 2 tn from the total sector value. However, luxury consumer companies continue to see NFTs (<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8115d23b-a850-4f0f-bc1a-4cb6ac56e437\">explainer<\/a>) and Web3.0 (<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/519da186-071b-4f5a-8fc4-50544543f384\">explainer<\/a>) as a way to reach and engage with customers. In fact, a crypto startup head tells the business information service that brands may actually be pleased that price speculation has dropped. The recent launches would appear to show their belief in NFTs as a way to engage their consumers digitally, not just making a quick dime.<\/p>\n<p><strong>Did you have a kind pandemic boss? That \u201ckind CEO\u201d era may be fading away:<\/strong> After executives and management teams showed support and understanding for their employees during (trigger warning) unprecedented times, a downturning global economy is now forcing them to have tougher conversations amid tightening budgets, the <a href=\"https:\/\/www.wsj.com\/articles\/ceos-ditch-the-warm-talk-as-economy-shows-signs-that-winters-coming-11659519000\">Wall Street Journal<\/a> says. Tech giants Google and Meta have been urging staff to work with greater intensity using fewer resources, and low performers are being weeded out. CEOs appear to be bracing for an incoming recession by adjusting strategy and policies for the economic downturn, ditching remote work and forcing staff back into the office to push sharper focus and prioritization of projects. However, executives warn the WSJ that bosses should tread the hard line carefully in a climate where unemployment remains low and great hires can jump ship if management policies are too strict. \u201cGreat leadership is as steady as possible, it\u2019s not very efficient to hit the accelerator and slam on the brakes all the time,\u201d Zillow\u2019s CEO tells the WSJ.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may be used to having your streaming experience interrupted with ads, but Netflix is still getting its head around the ad world: The streaming giant is being forced to contend with an ad-supported subscription after weathering two consecutive quarters of subscriber losses and losing roughly two-thirds of its stock value this year, the Wall [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":552003,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[344,633,638,640,649],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-cryptocurrency","tag-enterprisepm","tag-for-your-commute","tag-netflix","tag-nfts","wpautop","entry"],"acf":{"mongo_id":"e7cc45c5-378e-4eaa-8149-9937505892c8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/493.jpg","photo_position":"above","related_issue":[551998],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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