Netflix and the Future for Cinemas

This BBC Reality Check clip looks at the impact of Netflix on the cinema industry - and represents a way into a lot of issues. Innovation, theory of the firm, cross price elasticity of demand, and so on.

You might be surprised be some of the results - and this has interesting implications for your thinking regarding the cross price elasticity of demand of Netflix with respect to cinema. And this might be even more interesting if you look at individual consumers.

And, as an added bonus, there's also some Theory of Knowledge material for IB economics students too, as the issue of causation is also touched upon.

Netflix was by far the highest grossing iPhone and iPad app in 2018, bringing in 790 million dollars.