Netflix is testing free weekend-long streaming in select regions. With stay at home orders and social distancing guidelines in place, many consumers are preparing for a winter spent mainly indoors. With activities cancelled, most are turning to a variety of streaming services to pass the time. Netflix is capitalizing on this by offering promotions and deals to entice new customers.
The latest deal from the brand offer a weekend of free streaming, giving potential consumers the opportunity to test the platform before committing. According to COO Greg Peters, "We think that giving away everyone in a country access to Netflix for free for a weekend could be a great way to expose a bunch of new people to the amazing stories that we have, the service and how it works".
Weekend-Long Free Streaming Promotions
Netflix is Testing Free Weekend-Long Streaming
Trend Themes
1. Free Weekend-long Streaming - Disruptive innovation opportunity: Other streaming platforms could adopt similar free weekend promotions to attract new customers.
2. Promotions and Deals - Disruptive innovation opportunity: Other industries could use promotions and deals as a way to attract and engage customers during periods of low activity or economic uncertainty.
3. Testing and Experimentation - Disruptive innovation opportunity: Companies can test new strategies and approaches, like offering free weekends, to gauge customer interest and gather valuable data.
Industry Implications
1. Streaming Services - Disruptive innovation opportunity: Streaming services can explore creative ways to attract new subscribers and retain existing ones, such as through free weekend promotions.
2. Entertainment Industry - Disruptive innovation opportunity: The entertainment industry can leverage promotions and deals to incentivize consumption and keep audiences engaged.
3. Tech Industry - Disruptive innovation opportunity: Tech companies can develop innovative strategies and features that enhance user experience and drive customer acquisition, like offering free trial periods.