1. My company will continue to provide recommendations that are in line with not only what Netflix and Hulu are streaming but also what other platforms are streaming. We are also going to add a feature that recommends movies in general that are available to purchase through Itunes and Amazon.
2. After the interviews I was informed that the next thing for the company would be to expand to other industries than just movies, perhaps recommending music, books, and other things that are not personalized to individuals based on their taste.
3. What makes the most sense for the company is to stay on track for what it came to business for. Perfect the movie industry and then if we think we can do a good job recommending other things such as music and books then we will do it but above all, we want great customer satisfaction.
New Market
1. Another radically different market would in fact be the music industry.
2. I think that if done correctly we could provide just as good recommendations if not better than apple music and Spotify because we would not be in the market of acquiring licensing but rather just recommending what people might like to listen to
3. They think that the idea is very optimistic and could have potential if I somehow got a big artist to back up the name of the company
4. How similar and dissimilar both industries are.
Jorge, this is a really intriguing concept! Expanding out beyond movie ratings is surely another area/field to tap into, but you've already considered that. This would open up an entire new world of ratings comparisons between peer review among average listeners and companies. I wonder why this hasn’t been thought of yet, or at least not to the same level of depth to which you’ve achieved.
ReplyDeleteHey Jorge, the new market you came up with is genius. I listen to music all the time and always am looking for new music but its difficult to find things I like, and a lot of recommendations Spotify makes are not the best. There is definitely a huge untapped market that your current idea could expand in to in the future.
ReplyDeleteHey Jorge,
ReplyDeleteGreat job at looking for where you can take this venture up a notch. I personally already thought it was a great idea and could not see areas to expand on it. Maybe this shows a mind block for me because I also struggled amping up my own idea in my post. I love the idea of expanding the algorithm to music! It would be super cool if you could get an inside with Pandora. I don't use it much anymore but I always thought their music matching and discovery algorithm was the best.