Watcher seem to be making every single pitfall you can when establishing a new business from scratch
1. Someone already said this LA is like the worst place so start up a new business with limited funds. The cost of living, rent, and literally everything is too expensive to be sustainable without quick profit and growth.
2. They expanded far too quickly. The amount of employees and salaries for a company of their age and size is just not going to work.
3. Their content should not have had the apparently massive budget if they knew it was a financial risk with a large probability of not producing enough profit to offset the cost.
4. If they want to be like a tv network so bad they should’ve tired to create trial (CHEAP) shows with new personalities and talents to test the waters. Like actual TV networks (used to) do. Not some of their most expensive shows that have flop everytime they’ve tried to launch it.
5. MARKET RESEARCH!! Market research is the best friend to anyone trying to grow an audience. Feedback from a third party is so important when your job depends on a third party like this
6. TV Networks and streaming services depend on the casual viewer which are way easier to get on a well known platform.
7. Streaming services make booty trash money it’s a horrible business model.
I know everyone rags on business majors but has anyone at Watcher even like ever seen like a spread sheet?