Business

Europe’s T.V. Business Model Gets Shaken Up by Streamers.

Published

3 years ago

April 3, 2022

Amid U.S. streamers still driving local market growth, producers of T.V. in the continent of Europe are trying to decide with the Hollywood studio model of business -in which Netflix and other streaming services have all rights to their content in exchange for full-financing and a cost in exchange for a fee — as well as the current European model of co-productions, which leaves independent producers with backend and allow the indie producers more creative control.

But this is beginning to change.

Due to the E.U.’s Audiovisual Media Services Directive (AVMS), which is currently in different states of being implemented across Europe, There are signs that the most prominent platforms are gradually becoming more flexible about structured agreements. In any case, it’s what we hope to see in the future.

The directive states that streaming companies must provide 30% of European content to European subscribers. However, on top of it, E.U. nations are introducing national-specific laws that require streaming services to directly return a certain percentage of their earnings in every European country in which they operate. Certain countries like France and Italy are currently making law changes that force Netflix, Amazon Prime, Disney Plus, and other streaming services to make local investments through independent producers. They will also ensure that the producers retain part of their rights.

“To begin with we welcome all of the opportunities by the streamers in every place in Europe,” claims Martin Moszkowicz, chairman of the government table of German influential Constantin Film. He explains that platforms like Netflix, Amazon Leading Movie, and Disney Plus “already are trading a fortune throughout Europe in local-language [content] and international English-language shows.”

A report released by Enders Analysis, a London-based company Enders Analysis says many Western makers “have come to prioritize streaming programs when begging their finest projects.” The report also noted that Netflix is considered the top producer of scripted European content in 2020ahead of the E.U.’s most significant public broadcasters. Disney currently has 60 European scripts waiting to be delivered in 2024.

However, while Moszkowicz is a fan of stream giants’ investment, his view is that their business model has become “ludicrous.”

“Number rights are retained; there is number upside,” he says. “There is nothing that we — and also the artists, the creative people that we employ — participate in the billions and billions of dollars of success that the streamers have.”

Moszkowicz states that German producers “will use AVMS as much as possible to get a bigger part of the pie” and believe that “ultimately we will succeed.”

Here’s a look at what’s happening in the conflict between the streaming giants and producers in the four most coveted continent European regions.

France

France in the E.U., where the government has recently approved the AVMS regulation, has set the way.

The new rules require that the streamers’ investments be put into agreements for independent productions where the rights return to French producers after 36 months.

This means that one-third of the money invested by the streamers will continue to be poured into agreements with French producers in flat-fee contracts, which do not permit the streamers to keep their rights.

Although it is a necessary regulation, the new rules raise questions about how these investment obligations will be used and who.

The rules allow competition between French producers for inclusion within the “two-thirds of the investment” corridor, according to French producer Alexandra Lebret. She is the director of the lobbying organization The European Makers Club.

“How may the streamers select that are the companies who will have a way to hold on to rights, and those that won’t?” she asks.

In March, Netflix made over EUR200 million ($220 million) in investment in France when it announced its 2024 lineup comprised of French originals, 10 of which are T.V. shows.

This includes “Standing-Up,” about France’s stand-up comedy scene. It was directed by “Call My Agent” creator Fanny Herrero.

Lebret notes that it isn’t yet understood what Netflix will select projects that can take advantage of the updated rules. He also mentions that Netflix’s most significant French production, “Lupin,” currently filming its third season, is being produced under a flat fee arrangement.

Germany

In Germany, which is the country where the Audiovisual Media Services Directive regulation is set to effect, there have been limited flexibilities by streamers when making deals for high-end productions.

“The more exciting the property, the greater your possibilities you will get through with this [structuring a package where rights return],” Moszkowicz explains. Moszkowicz.

One example of this is Constantin’s show “We Children From Bahnhof Zoo,” released via Amazon Prime Video in Germany.

It was also filmed in co-production with several partners, including the ITV-owned Cattleya in Italy and Fremantle managing international sales.

Constantin is currently putting together the premium television show “Smilla’s Sense of Snow,” which is based on Peter Hoeg’s Peter Hoeg thriller, for which Moszkowicz believes he’ll be able to put together an original co-prod that combines streaming partners as well as other kinds of broadcasters.

Moszkowicz emphasizes his belief that in pitching large-budget projects, the European government broadcasters and the pay-TV players offer an alternative that is viable to streamers.

In 2013 Constantin, along with veteran German TV executive Herbert Kloiber joined forces to create a company known as High-End Prods. to create event-driven programming specifically designed for Europe’s pay- and free-TV market.

Moszkowicz says that the sum of the sources of the pubcasters, including German’s ARD and ZDF and France’s TFI and the Italian RAI, as well as The BBC within the U.K., is far greater than the budgets of some of the streamers.

“It’s practically billions each year and they don’t get enough product, certainly since a lot of the really intriguing stuff gets ordered on a global foundation from the streamers,” the author says.

High End will soon be the first to announce its slate.

Spain

Even while AVMS isn’t yet fully implemented in Spain, there is a feeling that streamers have renounced their rights-of-all-rights rule.

“I think that at the beginning they tried to divide and conquer,” says director-producer Alvaro Longoria, who runs Spanish independent Morena Films.

However, other players are entering the market, including Disney, Apple, and Paramount.

“A lot of them realize that they have to be flexible if they want to get the best talent,” says the expert.

Longoria, whose Christmas-themed comedy film “Reyes vs. Santa” was acquired by Amazon in some countries and believed it significant to see the symbolism behind why Netflix has embraced “Parallel Mothers,” the most recent film by Pedro Almodovar — who was Cannes jury chair in 2017 was critical of the streaming company.

Netflix recently acquired the exclusive Latin American rights on “Parallel Mothers.”

“The whole business model is changing all the time and streamers are the first ones that are happy to adapt,” he says.

Italy

In Italy In Italy, in a country where AVMS deployment is amid a slowdown, there are some minor but essential signals that streamers are beginning to move.

“Some dynamics with the platforms are changing,” says Rosario Rinaldo, head of production company Cross Prods, owned by German’s Beta Film.

Cross is producing an edgy Amazon Italy Original drama, “Prisma,” for which it will be granted SVOD rights that will last for the rest of time

Rinaldo will be able to market “Prisma’s” free T.V. rights throughout the world, following the show exclusively shown on Amazon worldwide for a specified time.

“There is more attention toward producers’ needs during development,” Rosario claims. She cites the willingness of Netflix and Disney to collaborate on projects in conjunction with Cross.

The best instance of the Italian market for a significant U.S. player willing to work with Europe’s cooperative production strategy is HBO and RAI’s pubcaster “My Brilliant Friend,” the series based on Elena’s novels Ferrante.

In February, the 3rd installment in the show “Those Who Leave and Those Who Stay,” was aired on RAI with a record-breaking audience before it was released in the States with HBO and HBO Max.

“As a company, the look for forms of collaboration between numerous kinds of platforms and other broadcasters, including community broadcasters, is clearly element of what I’michael seeking,” says “My Brilliant Friend” company Lorenzo Mieli.{Recently|Lately}, Mieli, through his Fremantle-owned Apartment shingle, was capable of putting together the three-way co-prod between RAI, the Franco-German channel Arte, and Netflix.

They’re producing famous auteur Marco Bellocchio’s next T.V. show, “Eastern Notte,” about the assassination and kidnapping of the former Italian premier Aldo Moro by Red Brigades terrorists.

“The possibility of business models evolving — and disrupting monolithic models — is born from our ability as producers to propose projects that make this disruption worth it,” He states.

Business

Post-Purchase Customer Experience – Why It’s the Key to Retention and Loyalty

Published

4 months ago

February 6, 2025

Tina Gondolin

In today’s fiercely competitive marketplace, securing a sale is just the beginning of the customer journey, not the end. Post-purchase customer experience has emerged as a pivotal aspect of not only retaining clients but also building unwavering loyalty.

Once the transaction is completed, a new chapter unfolds—one that can either transform a one-time buyer into a lifelong advocate or reduce them to just another statistic in the sea of disengaged consumers. Every interaction a customer has after the purchase, from personalized follow-ups to seamless customer support, plays a crucial role in shaping their perception of your brand.

As the dust settles on their initial decision to buy, it’s the ongoing experiences that will ultimately determine whether they return for more or drift away into the clutches of competitors. Understanding and optimizing this journey is not merely an option anymore; it’s a necessity for businesses striving to cultivate lasting relationships in a world where choices abound.

The Path to Loyalty: How Post-Purchase Experience Shapes Customer Relationships

Source: reverselogix.com

The journey to fostering customer loyalty begins long after the initial purchase is made; it is intricately woven into the fabric of the post-purchase experience. Picture this: a customer who eagerly anticipates their delivery, receiving a thoughtful follow-up email that not only confirms shipment but also includes tips for maximizing the product’s use—this simple gesture cultivates a sense of connection.

Afterward, a timely survey asking for feedback demonstrates that their voice matters, transforming a transactional relationship into a dialogue. Each element, from personalized recommendations based on their purchase history to dedicated customer support, deepens trust and enhances the emotional bond.

In this ever-competitive landscape, understanding that retention hinges not on the initial sale, but on the entire journey afterwards, can unlock the secret to creating lifelong advocates for your brand.

Beyond the Sale: The Critical Role of Aftercare in Customer Retention

Source: globalresponse.com

In the whirlwind of commerce, where transactions often take center stage, one critical aspect frequently slips through the cracks: aftercare. This pivotal phase begins the moment a customer clicks “confirm” on their order, extending well beyond the point of sale.

It’s not merely a follow-up; it’s a commitment to nurturing the relationship, a chance to reinforce the connection established during their buying journey. Think of aftercare as the secret sauce of customer loyalty—personalized messages, helpful tips, and timely support can transform an ordinary experience into an extraordinary one.

Customers who feel valued and supported are more likely to return, not just for the products they cherish but for the community and service that accompany them. In a landscape flooded with choices, businesses that prioritize aftercare don’t just sell products; they cultivate loyalty, turning one-time buyers into lifelong advocates.

Conclusion

Source: youngurbanproject.com

In conclusion, the post-purchase customer experience is a critical pillar in fostering retention and loyalty among consumers. By understanding and enhancing this stage of the customer journey, businesses can build lasting relationships that go beyond a single transaction.

Effective post-purchase marketing not only reinforces the value of the initial purchase but also encourages repeat business through personalized communication and ongoing engagement. As companies strive to differentiate themselves in a competitive landscape, prioritizing the post-purchase experience will prove essential in transforming customers into brand advocates, ultimately driving sustainable growth and long-term success.

Business

From Trader to Business Owner – How to Build Your Own Trading Firm

Published

5 months ago

January 3, 2025

Tina Gondolin

Transitioning from a trader to a business owner is a thrilling journey, a leap from the exhilarating chaos of the markets into the strategic realm of entrepreneurship. Many traders, fueled by their passion for the financial world, dream of establishing their trading firm—a bold move that promises both independence and potential prosperity.

Yet, this path is strewn with challenges, requiring not just deep market knowledge but also formidable skills in management, finance, and strategic planning. How do you go from analyzing charts and executing trades to overseeing a team of traders and making critical business decisions? In this article, we’ll explore the multifaceted process of building your trading firm, offering insights on everything from legal considerations to cultivating a strong company culture.

Prepare to navigate the nuances of this transition—where the fierce nature of trading meets the intricate art of business ownership. Your journey begins now.

Identifying Your Niche in the Trading Market

Source: udemy.com

Identifying your niche in the trading market is an essential first step on your journey from trader to business owner. Start by reflecting on what truly captivates you—whether it’s forex, stocks, options, or commodities—and the unique strategies you’ve developed through experience.

Tools like depth of market software can play a pivotal role during this process, offering detailed insights into market trends and liquidity levels, which can help you pinpoint areas of opportunity. Dive deep into market trends, analyzing which segments show potential for growth and profitability, while also considering the competition.

Don’t shy away from experimenting; this phase often involves trial and error, as you test different trading styles against varying market conditions. Additionally, leverage your existing knowledge to carve out a specialized area, perhaps focusing on a demographic or asset class that isn’t saturated.

Ultimately, the key lies in blending your passion with market demands, creating a distinctive offering that speaks to both your interests and the needs of prospective clients.

Creating a Business Plan for Your Trading Firm

Source: www.getwork.co.uk

Creating a business plan for your trading firm is not merely a formality; it’s the foundation upon which your entrepreneurial dreams will stand. Begin by defining your vision—what kind of trading strategies will you employ? Will you focus on equity markets, forex, or perhaps cryptocurrencies? This clarity will inform every aspect of your plan, from your target market to your operational framework. Next, conduct a thorough market analysis to identify your competitors and potential clients, ensuring your unique selling proposition shines brightly amidst the noise.

Financial projections are crucial; outline your startup costs, expected revenues, and break-even analysis to illustrate the viability of your venture. Don’t forget to address risk management—how will you safeguard your capital against market volatility? Each section of your plan should weave together, showcasing not only your ambitions but also a pragmatic approach to navigating the complexities of the trading landscape.

This document is your blueprint for success; invest the time to make it comprehensive and compelling.

Legal Considerations for Starting a Trading Firm

Source: luxalgo.com

Establishing a trading firm entails navigating a labyrinth of legal considerations, intricately woven into the fabric of financial regulations. Aspiring business owners must first determine the appropriate business structure—whether a sole proprietorship, partnership, or corporation—each carrying its legal ramifications and tax obligations.

Securing the necessary licenses and permits is paramount; depending on your trading strategies and the markets you operate in, you may need to register with regulatory bodies like the SEC or FINRA. Additionally, compliance with anti-money laundering laws and data protection regulations will shape operational protocols, safeguarding both your firm and clientele. As you forge ahead, consulting with legal professionals proficient in financial regulations is not just wise—it’s essential, ensuring that your firm not only thrives but does so within the bounds of the law, avoiding the perilous pitfalls that could threaten your entrepreneurial dreams.

Conclusion

In conclusion, transitioning from a trader to a business owner by establishing your trading firm is an exciting yet challenging journey that requires careful planning, strategic decision-making, and an adept understanding of market dynamics. By leveraging essential resources, including cutting-edge tools like depth-of-market software, you can enhance your trading strategies and gain valuable insights into market trends.

Building a successful trading firm involves not only honing your trading skills but also developing a solid business framework, fostering a collaborative environment, and staying agile in a rapidly evolving marketplace. With the right approach and commitment to continuous learning, the path from trader to business owner can lead to remarkable growth and fulfillment in the world of finance.

Business

How the Rise of AI and Automation is Impacting the Accounting Profession

Published

6 months ago

December 13, 2024

Anita Kantar

The adoption of advanced technologies is reshaping how businesses handle financial processes. Tools powered by artificial intelligence (AI) and automation are transforming traditional workflows, introducing both opportunities and challenges for professionals in finance.

Accountants must now adapt to thrive in a landscape dominated by innovation.

Key Points:

Automation reduces manual data entry, boosting accuracy.
AI enables predictive insights for better decision-making.
Technology frees up time for strategic tasks.
Skills in data analysis and AI tools are essential.
Ethical considerations are critical for implementing automation.

Automation and Its Role in Streamlining Financial Tasks

Automation tools have become indispensable for reducing repetitive and time-intensive tasks. Functions such as payroll processing, tax filings, and financial reconciliations can now be completed faster and with fewer errors. Businesses looking to optimize their operations rely heavily on platforms like those recommended by Accountancy Capital for sourcing qualified professionals. For more information visit their website www.accountancycapital.co.uk.

By eliminating the burden of repetitive tasks, automation allows accountants to focus on advisory roles, providing higher-value services to clients. This shift highlights the need for upskilling to remain competitive in a changing landscape.

Source: rvnatech.com

How AI Improves Decision-Making in Financial Management

AI tools analyze vast amounts of data to identify patterns and trends that humans might overlook. This capability enhances decision-making, particularly in areas like forecasting and risk assessment. For example:

Predictive analytics ─ AI can anticipate cash flow trends or market risks, giving businesses a proactive advantage.
Fraud detection ─ Algorithms flag irregularities in real-time, reducing financial losses.
Expense optimization ─ Automated systems recommend cost-saving measures based on historical spending patterns.

Leveraging such capabilities requires an understanding of technology, coupled with expertise in interpreting results for actionable insights.

Challenges Created by Technological Advancements

The rapid adoption of AI and automation poses challenges for professionals, including:

Skill gaps ─ Transitioning from traditional methods to tech-driven workflows require upskilling.
Job displacement ─ Roles focused on manual tasks are at risk of becoming obsolete.
Ethical concerns ─ Decision-making algorithms may introduce bias if not properly monitored.

Mitigating these challenges involves ongoing education and embracing continuous professional development.

Source: runeleven.com

Skills Accountants Must Develop to Stay Relevant

The changing landscape necessitates a shift in core competencies. Key skills include:

Proficiency in data analysis tools ─ Knowledge of software that integrates AI is crucial for staying relevant.
Soft skills ─ Communication and advisory capabilities remain vital, even as technology handles routine tasks.
Ethical awareness ─ Understanding the limitations and implications of technology ensures responsible implementation.

Combining traditional expertise with technological fluency is the key to long-term success.

Benefits of Automation for Accounting Firms

Automation tools deliver measurable benefits for firms, including:

Efficiency gains ─ Faster processing of routine functions, reducing turnaround times for clients.
Cost savings ─ Automated workflows lower operational expenses.
Scalability ─ Firms can handle larger client bases without increasing staff.

By adopting technology thoughtfully, firms can maintain a competitive edge while providing exceptional service.

Source: mcgowanprofessional.com

Ethical Implications of Adopting AI in Finance

AI’s growing role introduces ethical concerns that professionals must address. Bias in algorithms, privacy concerns, and transparency issues are common challenges. Firms must establish guidelines to ensure that AI tools align with ethical practices. Regular audits and accountability measures help maintain trust.

Future Trends and Opportunities in Financial Automation

Looking ahead, technologies like blockchain and machine learning will further transform financial practices. Accountants who embrace innovation will find opportunities in consulting, compliance, and strategic planning. Staying informed about emerging trends ensures readiness for new developments.

Conclusion

The rise of AI and automation is not just reshaping workflows but redefining the role of accountants altogether. By investing in upskilling and adopting tools thoughtfully, financial professionals can transition from traditional roles to strategic advisors, ensuring continued relevance in an evolving landscape.