Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prompt: Imagine that you work for the public relations department of a new streaming movie rental service. For $8.00 a month your customers have unlimited

image text in transcribed

Prompt: Imagine that you work for the public relations department of a new streaming movie rental service. For $8.00 a month your customers have unlimited access to a choice of thousands of streaming titles. The company's goal is to reach a total of 30 million subscribers (and increase the company's income accordingly) within the next five years. Your job is to come up with interesting and attention-getting public relations events and materials to help the company achieve its goals. This might include creating commemorative events connected to the anniversary of a famous movie, partnering with movie studios on new movie releases, creating charity events with celebrities, etc. However, looking ahead, you realize that these goals could be jeopardized by several factors: - the market dominance of larger well-established competitors such as Netflix, HBO, and Disney - an increasing interest in original programming controlled by these direct competitors - the existence of cheaper or free alternatives that continually lure would be customers Write an investigative report to the director of public relations detailing your concerns, provide at least three well-developed recommendations as to events and material the public relations office could create to help the company meet its subscriber and financial goals, and compare/contrast the three options to recommend the one you think is best. Because this is an investigative report, it is essential that the solutions and recommendation you discuss are based on real research you do. You are allowed to invent specifics not covered in the prompt so long as they do not replace research or critical thinking in which the prompt is trying to engage you. Prompt: Imagine that you work for the public relations department of a new streaming movie rental service. For $8.00 a month your customers have unlimited access to a choice of thousands of streaming titles. The company's goal is to reach a total of 30 million subscribers (and increase the company's income accordingly) within the next five years. Your job is to come up with interesting and attention-getting public relations events and materials to help the company achieve its goals. This might include creating commemorative events connected to the anniversary of a famous movie, partnering with movie studios on new movie releases, creating charity events with celebrities, etc. However, looking ahead, you realize that these goals could be jeopardized by several factors: - the market dominance of larger well-established competitors such as Netflix, HBO, and Disney - an increasing interest in original programming controlled by these direct competitors - the existence of cheaper or free alternatives that continually lure would be customers Write an investigative report to the director of public relations detailing your concerns, provide at least three well-developed recommendations as to events and material the public relations office could create to help the company meet its subscriber and financial goals, and compare/contrast the three options to recommend the one you think is best. Because this is an investigative report, it is essential that the solutions and recommendation you discuss are based on real research you do. You are allowed to invent specifics not covered in the prompt so long as they do not replace research or critical thinking in which the prompt is trying to engage you

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management

Authors: I.M. Pandey

11th Edition

9325982293, 978-9325982291

More Books

Students also viewed these Finance questions