Why do startups fail? This Harvard professor blames the ‘speed trap’

How fast is too fast? Fab.com cofounder and CEO Jason Goldberg learned the hard way. When it launched in 2011, Fab was a flash-sale site that curated distinctively designed consumer products and sold them at deeply discounted prices. It was an instant hit. Fab’s featured offers spread like wildfire through social media, so Fab didn’t have to spend any money on marketing—initially. The products were shipped directly to consumers by their designers, so Fab didn’t hold any inventory—initially. As a result, the fledgling venture had positive cash flow—temporarily. To prepare for further growth, Fab raised $320 million in venture capital Read More …

The ‘Space Jam 2’ trailer shows how old Hollywood is dying

Like its beloved predecessor, the new  Space Jam , subtitled  A New Legacy , features a host of familiar Looney Tunes characters. There’s Bugs Bunny, of course, and Daffy Duck and Yosemite Sam, all of whom starred alongside Michael Jordan in the original 1996 film. Back then, the commingling of two worlds—the NBA and kids’ cartoons—felt exciting and fresh. More than two decades later, however, commingling is far too quaint a word to describe the veritable orgy of Warner Bros. Read More …

Inside BritBox’s strategy to hold the streaming British TV crown

You love British TV—even if you don’t know it. For decades, British programming has enjoyed massive success in the United States, with breakout hits such as Downton Abbey , Sherlock , Doctor Who , The IT Crowd , and more. Even indirectly, British shows have influenced culture stateside. There are the oft-cited adaptations such as The Office , Veep , Shameless , Whose Line Is It Anyway? , and Skins , where both versions usually coexist in their fandoms. But then there some shows so rooted in Americana, it’s easy to forget they too were based on or inspired by British shows: All in the Family ( Till Death Us Do Part ), Sanford and Son ( Steptoe and Son ), Three’s Company ( Man About the House ), and Cheers ( Fawlty Towers ). Whether it’s the shows themselves or just the format and plot, British programming has a hold on American audiences—and niche streamer BritBox has been capitalizing on that. As a joint venture between the BBC and ITV, BritBox launched in the United States in 2017 as the premier destination for British programming. Many speculated whether two TV titans from across the pond could collectively rival the likes of Netflix stateside—but that was never the intent with BritBox. Instead, BritBox was contending with other Anglophilic players such as Walter Presents and Acorn TV (a service owned by AMC Networks, which also has a minority stake in BritBox), both of which were already established with U.S. audiences. Even within that specific category, BritBox is a standout, with more than 1.7 million subscribers. At the core of BritBox’s success has been super serving an overlooked demographic of women 45 and older who, by BritBox’s measure, are heavily invested in mysteries and crime stories. “There’re a lot of [streaming services] out there who are trying to be all things to all people. That is not who we are,” says Emily Powers, EVP and head of BritBox North America. “We are very much trying to meet an unfulfilled demand for certain types of content to a certain demographic, and that’s been the key to our success.” Although there is a pernicious bit of conventional wisdom that the streaming giants will overwhelm more tailored offerings, there are many niche players owning their communities in a way that an everything-to-everyone service never will. The Criterion Channel caters to cinephiles; Mubi , even more so with a heavier focus on curation. kweliTV focuses on Black content. Read More …

6 Netflix tricks to supercharge your streaming

Up until this point, you’ve probably found that Netflix works just fine without too much tinkering. However, there are a few things you can do—none of which requires much time at all—to make Netflix a little less clunky and a little more fun. Here are [some quick tricks for your next Netflix fix. No Netflix? No problem. Get hooked for free Not sure if you’re ready to commit to a full-blown Netflix subscription? Read More …

Hulu’s WeWork doc tries to recapture the energy of the 2019 saga

In fall 2019, the story of WeWork’s Icarian plummet —from the startup destined to change the way we work and live to the laughing stock of Wall Street—played out with all the drama you’d expect when at its center are a messianic CEO and a Japanese billionaire enabling his reckless whims. As you may recall, former WeWork CEO Adam Neumann had a vision of creating a culture of communal workspaces that was turbocharged by SoftBank CEO Masayoshi Son investing more than $10 billion in WeWork with a mandate to Neumann to think bigger. WeWork soared to a $47 billion valuation and was on the precipice of going public until its prospectus raised a sea of red flags —from the company reporting $900 million in losses and $47 billion in lease obligations to Neumann’s wife, Rebekah, being granted the power to name his successor should anything happen to him. It was a tale of staggering hubris, lavish excess, and toxic leadership that became catnip for a storm of media coverage. Indeed, in today’s insatiable market for content for video streaming and on-demand audio, the WeWork saga inspired a flurry of deals to turn this story into tragedy, farce, or a bit of both. Last year there was Wondery’s deep-dive podcast miniseries WeCrashed , and New York Magazine contributor Reeves Wiedeman published the book Billion Dollar Loser. Yet to come is the book The Cult of We from Wall Street Journal reporters Maureen Farrell and Eliot Brown, which is being adapted into a limited series with Succession breakout star Nicholas Braun. Another forthcoming book, about SoftBank, from Fast Company contributor Katrina Booker, was fast-tracked for a TV series from Blumhouse. An Apple TV Plus limited series starring Jared Leto and Anne Hathaway as the Neumanns has also been announced Read More …