I spent the last 40 years of my life developing a theory that explains perfectly how one feels when they’ve taken too long of a nap. I call it “falling into the nap-hole.” I’m sure you’ve experienced something along the lines of what I’m talking about. You lie down for a quick power nap in hopes that you will wake up 33 minutes later feeling refreshed, but those minutes turn into hours and suddenly, you falling in to the nap-hole.
Though I’ve spent quite a bit of time working on the theory, and I don’t have many solutions. My one suggestion would be to set an alarm, as well as remind some friends that you’re going down for a nap. This way you have several lines of defense. It’s not foolproof, but it’s starting in the right direction.
Feeling sleepy? Well, in the meantime, here’s what you missed in the news yesterday.
Netflix & Awards
Since Netflix began releasing original content back in 2013, the streaming-giant-turned-production-company has won thirty-seven Emmy awards, four Golden Globes, and two Academy Awards. While I 100% agree that Netflix content has earned every single award that they’ve won, these victories are an indication that old Hollywood is fading softly into the distance.
Last year, box office films earned nearly $12 billion, representing the highest in history, but, as several analysts have pointed it, that was largely due to the recent increase in ticket prices. In fact, according to TechCrunch, the total number of movie tickets sold in America has dropped over 10% in the last two decades even though domestic population levels continue to rise.
The reason behind this must be that moviegoers would rather watch award-winning content for $10/month, from the comfort of their own living room, rather than pay $15 per movie and possibly have to sit among crying babies and loud fans of The Avengers.
“This cash loss exists because Netflix is funding next year’s content against this year’s revenue. Netflix could have chosen to stabilize its 2018 content offering at 2017 levels…The industry and press would do well to focus on Netflix’s cash spend — even when compared to the recognized spend of its traditional peers. Netflix’s amortization figure is a lagging indictor. What’s scary is what’s going out the door: lots and lots of cash.”
–Matthew Ball, former Head of Strategy, Amazon Studios
It’s A Bold Move, Let’s See How It Plays Out
President Donald Trump is headed on a flight to North Korea to meet with everyone’s favorite dictator, Kim Jong Un. According to several sources, Trump will meet with the leader of North Korea in hopes of reopening the discussion surrounding denuclearization. Interestingly enough, this is just one of several events occurring this week featuring President Trump. In addition to Trump’s meeting with Kim, Vice President Mike Pence will meet with South American leaders in Bogota and Colombia.
“Because of U.S. law today, the general counsel of any U.S. company is not going to recommend going into North Korea because of human rights abuses. The Trump administration needs to talk about human rights if they’re going to achieve what they want to achieve.”
–Victor Cha, former Bush administration adviser
