Netflix has decided to open a number of brick-and-mortar locations to sell items based on hit shows, offer dining and provide live events. There’s also going to be an obstacle course based on ‘Squid Game.’
Netflix to open branded retail stores for some reason::Netflix has decided to open a number of brick-and-mortar locations to sell items based on hit shows, offer dining and provide live events. There’s also going to be an obstacle course based on ‘Squid Game.’
Best date nights always started with a trip to Blockbuster.
I remember renting an N64 with Majora's mask and pulling an all-nighter so I could finish it during the two-day rental period. It was a good time to be alive.
Gonna be honest: if your idea of date night is frantically playing a game for 24 hours straight to try and get your money's worth, you are going to have a VERY small compatibility pool.
I cannot imagine a customer base that's so ecstatic with Netflix's service that they're willing to give the company even more money by buying overpriced ultra-processed meals and branded coffee cups. Why people continue to sell their souls and open their wallets to these companies is beyond me.
You can't? Look at Disney World or Universal Studios. Sure they have rides, but a lot of it is the experiences involving people's favorite movies/shows.
I can definitely see people interested if they get that part right.
Imagine getting a drink in a tavern from The Witcher. Or a fancy dinner in a palace setting from The Crown or the mansion from Umbrella Academy. Imagine going through a haunted house based around Hill House. Running an obstacle course from Squid Game. Themed escape rooms or live action shows based off Stranger Things or Black Mirror.
That's not even getting into merchandising. Sure, people are probably not going to flock to buy a Queen's Gambit chess set. But Castlevania or Arcane collectibles? Dragon Prince plushies? Literally anything from Netflix's sizable anime collection?
There's a lot of ways they could do it wrong. In fact it's more likely they get it wrong than right. But I'm not going to dismiss the idea right out the gate, I do see the possibilities.
If they sell cosplay customes based on popular shows, you know people will be queuing up to throw money at those made-in-china products.
Having the rights to ship out the offical crap could be a gold mine for them.
Just take Squid Game. It's a regular training suit and they already exist as costumes and they're easy to copy, but you can't find the real one because of all the copies.
Same idea as the Universal Studios parks. Just without the park, because the income is all in the souvenir shop anyway.
Sell their souls? 😂 you live in a completely different world than most people. hsrdly anyone views it that way, they view it as paying $18/month or whatever it is now
To be fair I would rather see them try to make money for investors this way than by cutting costs on labor and the other shady things companies do to make money. This is at least some kind of "innovation" for lack of a better term. Maybe it might be cool
Yeah, increasing profit by actually creating a product is great. Increasing profit by increasing costs to the customer or decreasing expenditures (in particular cutting pay or removing employees) sucks.
I don’t get why this is so confusing. This is basically a rotating theme restaurant/theme shop. Disneyland, Universal Studios, the new Nintendo park, etc. aren’t really about the rides or food either. Will tourists buy Stranger Things tchotchkes and Bridgerton merch? Sure, we’re a hyper consumeristic society that loves pop culture doodads and experiences. I somehow get the feeling this will fail, Netflix’s brand has lost its luster recently, but I don’t think this idea is totally out there.
I'm not confused why they're doing it, I'm confused why they think b&m stores are the way to go. I'm sure they can subsidize any potential losses from other money making areas but why not just sell the merch online? Storefront overhead ain't cheap.
While I completely agree, there’s a bit of a draw to certain experiences around shopping. Some instances:
FAO Schwarz in NYC
Nintendo flagship store in NYC
Tiffany & Co. in NYC on 5th Ave
LEGO store in Leicester Square London
Basically look up a list of Flagship stores, even Microsoft and Samsung have ones. They’re more of an experience and bragging rights than just walking in a random Walmart to get merch. Sure, you can just order it online, but it’s not the same.
Because it’s not about immediate sales, it’s about marketing. They’ve been between major culture defining hits for a while, but imagine if such a store existed when Squid Games was at its peak. Create a few instagrammable moments at two locations, a place for hyped fans to pilgrimage, and that’s much cheaper than TV advertising. Not saying it’ll be successful, but I think there’s some logic to this.
if they sold DVDs of Netflix's shows that would actually be pretty nice, but I doubt they would be OK with allowing anyone to actually own their media.
In Tokyo they had a Stranger Things themed restaurant for a while. Pop up culture is pretty big in Japan so it worked out great I suppose. I don't expect it to work in other places nearly as well. Especially if it's a permanent structure.
No. Merch has direct profit that has a much larger margin than streaming. It's just a new cash flow for them. Same reason patreon was offering merch and discord too.
You have an asset in land and physical goods to sell for money. It's not complicated why they are pivoting to it.
Makes sense. They have multiple franchises and they can either sell in Walmart and water down the franchise or make an exclusive store where they control the experience and increase the value of the products. Disney also has stores like that. As for the Squid Game experience it’s the local equivalent to Disney parks. Di’s I mention it looks like they’re copying Disney?
Same, but Disney has gotten so big and so loose with it's cash that they are burning the clothes off their backs to keep the train moving. It was just not profitable enough to keep that arm alive I guess
The entire chain of Disney stores in the UK closed years ago. A bunch of other narrowly branded shops have gone too.
If the likes of Disney didn’t think stores were worth it, I’m not sure how Netflix thinks it could work. There’s can be decent margin on merchandise, but also a lot of cost in running physical retail.
What's next, Netflix announces new "Netflix Direct" service where for a monthly fee they run a physical wire to your house that plugs right into your TV to deliver streaming content? 🙄
I went to the Stranger Things popup in Vegas. Not gonna lie, I had a good time. It was like an amusement park exhibit with the classic gift shop at the end, but the prices didn't seem inflated. If I was interested in buying merch, I'd rather go to to one of these than just order it online. I'm not saying it will be successful, but I don't hate them for trying it.
If they get good prices for the location, I think this is actually a really good idea.
Most of the time, you are a hot topic selling stranger things shit. Whatever. Buy some shit for your kids.
But when something like tiger king or squid game or whatever becomes a cultural hit? Just look at how every single big youtuber tried to do a "real life squid game" event. People will love to go to an "escape room" style situation where you spend an evening playing a live action video game. And you likely cover the profits for the entire year in a few weeks.
i also hate that they're gonna hire real people, to staff and manage the places, and those people are gonna start slowly convincing themselves that maybe it's not stupid to wake up and get dressed and go to work so people can buy an orange is the new black sweater. which is really sad, the quiet desperation of it all. people's livelihood now depends on this garbage.