If you ever have the opportunity to ask Reed Hastings (@reedhastings), Netflix CEO: “What keeps you awake at night?” Most probably, the answer would be “TV Everywhere”. These days, TV business is trying to figure out how to monetize premium content on a hyper connected sharing economy.
Dish Mexico, operated by MVS Comunicaciones, just launched HBO Go as a standalone service for its own subscribers and non-customers. On Q2 2015, Dish reported 1.24 million users for its CATV services to the IFT (Mexican antitrust and regulatory agency).
According to The Competitive Intelligence Unit, Netflix has over 1.4 Million sVOD clients, which represents 70% of the market in Mexico. While these numbers are still low in comparison to the 17 Million of subscribers of CATV, the current circumnstances of the greater TV market make “TV Everywhere” promising.
CATV incumbents are challenging regulation. Claro Video (Telmex) is on the rise, but still looking for a CATV authorization. Cinepolis, biggest cinema operator in Mexico, is making synergies for engaging movie goers to online rentals. Vudu closed and left some tricky lessons behind. YouTube is playing great so far. Services like Cracker, Mubi, Snag Films and others arrived to Mexico. Government plans to tender another Free-to-air TV network and a 700 MHz shared network. ATT bought Iusacell and Nextel.
Winter is coming for the greater TV market and House of Dish just moved closer to cable droppers. Will they follow?
Photo Credit: HBO GO online application – Bigstockphoto.com
The business year ended a couple of weeks ago. A fair year for business in Mexico with the traction provoked by the opening markets (telecom, energy, transport, etc.) Numbers on this blog were good too. Here are some statistics I would like to share with you.
The blog had 1.4 Million hits with a more than 86 thousand visitors. This is a slight improvement from previous year.
As to the most popular posts, below is the list, if you want to read them:
1 – What Would the Trans-Pacific Partnership (TPP) Mean for Mexico?
2 – Wind Power Opportunities in Mexico
3 – Mexico to Spend $100 Billion Dollars to Develop Shale Resources
4 – Mexico Reforms Attract U.S. Investors
5 – Chrysler invests US$1.2 Bn in Mexico and could cast away the IMMEX drawback
6 – As expected, Mexican telecom operators are showing tough love
7 – [INFOGRAPHIC] The US$590 Bn Mexican Infrastructure Plan in a Nutshell
8 – What if IFETEL Mexico unleashes the unseen power of free?
9 – Mexico Consumer Entertainment Spend Grows Rapidly; Now at 4.5 Billion USD
10 – Televisa and Telmex on two legs after Watchdog resolutions
The most popular searches were related and around to these topics:
1. Green energy investment.
2. Telecom antitrust proceedings.
3. San Diego – Tijuana business traction.
4. Construction companies in Mexico.
5. Oil drilling opportunities.
We have planned many projects for this year and hope all readers and sharers support this blog. Stay tuned.
Photo credit: Rear view of the business lady who is looking for the new business ideas. Blue growing arrow as a concept of successful business. Business icons are drawn on the concrete wall. / Bigstockphoto.com
Last week IFT, telecom antitrust and regulator in Mexico, issued a resolution declaring that Televisa is not dominant in paidTV. The resolution was controversial to many, of course. However, it threw some legal precedents on OTT, for subscription video-on-demand (SVOD).
According to IFT, SVOD is not, in terms of relevant market for antitrust proceedings, substitute to paid TV, based on the facts that content is not enough, the audience is limited and internet access is not universal.
Netflix is betting high on good original content, but live sports and prime time is still keep audience on traditional TV, according to official data form IFT. However in OTT-SVOD, Netflix has 55.7% of Mexican market, with Slim´s Claro following with 39.7%, according to Daxis. Audience is expected to grow with 4G mobile tenders happening this year.
Then, if you double-read the resolution from a telecom-media-antitrust-legal-regulatory point of view: This resolution is a space of freedom that Netflix can enjoy to grow. A victory that Uber, another icon of on-demand services, only can wish for its own market.
The Netflix app is displayed alongside other streaming media services on the homepage of a Roku Streaming Stick. (Photo credit: Matthew Keys / Flickr Creative Commons
I just read the post from @JohnGrimley “Lawyers rush to win new work from the Trans-Pacific Partnership (TPP).” It just makes you wonder of the future of lawyers in Mexico.
TPP will free the major trade zone of the world with over 40% of global economy, and excluding China, for now. Mexican Ministry of Economy promised to release public versions of TPP for public discussion on November. TPP is set to discussion by Senate during Q2-2016 for approval or rejection.
Fine print is still unknown, so is not possible to learn if will open legal services market in the region, as it has happened in some Asian countries. It happened with NAFTA, partially.
The key items to watch for Mexican lawyers are: Licensing and bar requirements to practice law, dispute resolution on investments, will lawyers be uberized and if Mexico will dimishing application of civil law system. Unquestionably, the debates and answers will put some pressure on big law and judicial system.
Now, Mexican lawyers have incentives to compete with other TPP firms. Is it time for a NewLaw strategy?
Advocacy Concept by tashatuvango / Bigstockphoto.com
FinTech revolution is happening around the world. While sound financial institutions are exploring business possibilities, the real deal is happening in the startup scene. Bitcoin is just one of them.
Beyond decentralizing payments system around the world, Bitcoin is set to aid several industries. Legal services are a growing niche.
Mifiel is a Guadalajara-based initiative launched by the same team behind Volabit, a bitcoin transfers and exchange service in Mexican pesos. Mifiel allows Mexican people to use its electronic signature developed and supported by Mexican Ministry of Finance (FIEL) to sign any type of document.
Potential is clear for certification services, but in fact many other legal services could benefit. Namely e-discovery, M&As, contract management and judicial/administrative proceedings.
As NewLaw by non-lawyers is pushing traditional legal services to tech-driven law practices, Bitcoin could deliver the legal certainty for the rest of us.
The question is: Who will dare to become incumbent? Lawyers or Non-Lawyers.
Photo credit: Close Up 3D Illustration Of Paneled Golden Bitcoins by mdorottya / http://www.bigstockphoto.com