Aug 05, 2022
Viewpoint: Greater Washington can’t mend health gaps without more company-nonprofit partnerships
This news has been received from: wtop.com
All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.
Today’s world is an incredibly stressful one to live in. National problems may seem to be far off, but they’re not. These problems show up right here in our neighborhoods and have a major impact on the mental health of children and teens especially.
Approximately 700,000 people live in the District of Columbia.According to federal surveys, more than 60,000 of these people state that they are dependent on or abuse alcohol or illicit drugs — slightly more than one in 10. The national average is about one in 13. Teenagers in the District are 12% more likely to have used drugs in the last month than the average American teen. Similarly, 18- to 25-year-olds in D.C. are 60% more likely to use drugs than the average American in the same age group. Among them, 29% report using marijuana in the last month. The District has two to 18 times the death rate from drugs as D.C. suburbs.
Opioid deaths in the District nearly doubled from 2018 to 2021, according to statistics from the city, and…Read the full story from the Washington Business Journal.
News Source: wtop.com
Netflix is not in deep trouble. Its becoming a media company
Netflix has had a terrible 2022. In April, it said it lost subscribers for the first time since 2011. Its stock has tumbled more than 60% so far this year.
Yet its recent struggles may not be the start of a downward spiral or the beginning of the end for the streaming giant. Rather, it’s a sign that Netflix is becoming a more traditional media company.
Netflix was originally valued as a Big Tech company, part of the Wall Street acronym, “FAANG,” which stood for Facebook, Apple, Amazon, Netflix and Google. Wall Street once valued the company at about $300 billion — a number on par with many Big Tech companies that Netflix’s business model ultimately couldn’t live up to.
“I think Netflix was extremely overvalued,” Julia Alexander, director of strategy at Parrot Analytics, told CNN Business. “Unlike those companies that have different tentacles, Netflix does not have a lot of tentacles.”
But Netflix was never really a tech company.
Yes, it relied on subscriber growth like many companies in the tech world, but its subscriber growth was built on having films and TV shows that people wanted to watch and pay for. That’s more a like a studio in Hollywood than a tech company in Silicon Valley.
Netflix looked a lot more like a tech company than, say, Disney, Comcast, Paramount or CNN parent company Warner Bros. Discovery. But as those traditional media companies start to look a lot more like Netflix, Netflix in turn is starting to take page out of its rivals’ playbooks: It’s going to start serving ads and it has been releasing some shows over the course of weeks and months rather than all at once.
Netflix has said that its cheaper ad tier and clampdown on password sharing may come next year. It’s partnering with Microsoft for its ad business.
“I think in many ways the moves Netflix are making suggest a transition from tech company to media company,” Andrew Hare, a senior vice president of research at Magid, told CNN Business. “With the introduction of ads, crackdown on password sharing, marquee shows like ‘Stranger Things’ experimenting with a staggered release, we are seeing Netflix looking more like a traditional media company every day.”
Hare added that Netflix’s former business strategy, which was “once sacrosanct is now being thrown out the window.”
“Netflix once forced Hollywood deeply out of its comfort zone. They brought streaming to the American living room,” he said. “Now it appears some more conventional practices could be what Netflix needs.”
At Netflix right now, “a lot of these strategic moves are being made as they mature and move into the next phase as a company,” noted Hare. That includes focusing on cash flow and revenue rather than just growth.
“In other words, old school business,” he said.
— CNN Business’ Moss Cohen contributed to this report.
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.