The Year of Netflix & Uber

4th November 2015 by Admin

The Year of Netflix & Uber

You don’t have to be a cab connoisseur to understand that Uber introduced a total game changer in the transport world. Gone are the days of waiting in 10° degree wet weather, files in hand (now soaking wet), arms flailing, rushing to your next meeting, just to get driven past like you’re the last one picked in gym class. Uber tells you the pickup location, the price (which is significantly cheaper) and even gives you a driver name – just for that touch of personability. If you haven’t heard already folks - Black cabs are on the out and Uber is definitely, definitely in. 

These ride-sharing services are approved for use in Las Vegas, London, Sydney and basically every other major state you can think of.  This allows a world of accessibility to our community – but is this also very dangerous to our local economy?

The response from Londonites (and that of the rest of the world) has basically been “good riddance” to paying top dollar for a smelly cab ride home. Nothing is wrong with a bit of healthy competition; it’s really the basis of our capitalist society. However, the black cab corporation was just NOT ready, with a 30 year old North London training school closing down this week.. it’s owner blaming Uber.

The taxi market is not the only business struggling from the digital revolution.

Since the launch of Netflix share prices for all of the free to air TV networks have fallen sharply. Of course, there are other factors at play. But it’s not merely a coincidence. 

Audiences (myself included) are sick of the spoon fed current affairs, canned laughter and the dismal fitness infomercials making you feel guilty about enjoying that last chocolate hobnob. This is the first time the audiences are in complete control.

Don’t get me wrong - I’m first in line to chew my data watching the latest episode of suits or stay in the bar 15 minutes longer to avoid that dismal cab line. This is no plea for regulation or protectionism to support local companies. Far from it actually. It is just evidence that the future of business is global, and the advantages local companies have enjoyed for decades are being rendered obsolete by new technologies.

Uber and Netflix have patient shareholders that are willing to fund long periods of losses in their quest for global dominance. So could this be just the beginning of the local organisation shut down? If yes, we can always use the money we save on cab rides to subscribe to a Netflix account – if you can’t beat them, join them!


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