A week of interesting numbers:
The drive for original content is likely to weigh further on Netflix’s cash flow, the company wrote in the July document outlining its content accounting. The main reason for that is that it recognizes the production expenses of making a show, while it’s being produced. That could mean Netflix will incur costs years before it can make any money on the content.
- and speaking of numbers, Netflix is notoriously secretive about audience figures. A Nielsen claim to be able to track viewers was met with a stiff response:
a Netflix spokesman said the streaming-video company was not participating in the effort. “The data that Nielsen is reporting is not accurate, not even close, and does not reflect the viewing of these shows on Netflix,” the company said in a statement.
Mixed-member proportional representation (MMP)
Quite a mouthful! Even from my Sri Lankan perspective, New Zealand’s recent election and its aftermath were drama filled; and from that perspective, the formation of a government by the Labour Party in NZ was very relevant.
Sri Lanka elects a President as head of state and a legislature (Parliament). The current government is an uneasy coalition between the two historically dominant parties, with a Prime Minister from one party and a President from the other. Despite the considerable governance issues this has caused, my understanding is that many of those involved feel that the sheer scale of issues that have to be dealt with (including a foreign debt crisis and constitutional reforms) makes a cross-party consensus vital. An MMP system, which can lead to coalitions and minority governments, could be a means to build this into the electoral system.
This article by Sri Lanka’s Minister of Provincial Councils and Local Government is worth quoting:
However, the Proportional Representation system also came with shortfalls. It required greater campaign budgets, and violence escalated between political rivals. There is also a racial stigma attached to it. As we have seen in the recent past, racial tendencies tend to rise under this system. The election expenditure is also significantly greater than under the First Past the Post system.
Therefore, the Mixed Member Proportional system was born combining the best of both Worlds. Most people are in favour of this system, and it is truly in the interests of justice and democracy that I believe this is the way forward.
Sri Lanka e-commerce legislation
A quick note on this important development:
This is a crucial part of ongoing reform program to improve the global competitiveness of Sri Lanka. In the 2017 edition of the World Bank’s Ease of Doing Business rankings, Sri Lanka slipped one spot to 110. However, a crucial issue remains with the inability to receive payments through services such as PayPal.
A quick run through a hot sector:
- I started watching this with the sound off and immediately thought of porn…but that’s not what’s important.
As I’ve mentioned before, logistics and last mile delivery is a key battleground between Walmart and Amazon and this is the latest weapon to be deployed.
One reason food sector is so hot is that there are many points of entry and room for innovation.
figures cited by The Financial Times suggest that the two-year-old UberEats service — a standalone app separate from the main Uber taxi service — will record over $3 billion (£2 billion) in gross sales this year.
- Facebook has launched a food order and delivery service in the US.
Facebook combines options from a number of food ordering services like EatStreet, Delivery.com, DoorDash, ChowNow and Olo, as well as restaurants like Jack in the Box, Five Guys, Papa John’s, and Panera, so you don’t have to search through multiple places to find what you’re looking fo
- Amazon has been running a partnership with Olo since September.