Netflix is set to open one of its first "Netflix House" locations at Galleria Dallas, offering an immersive entertainment venue based on popular Netflix shows. The 107,436-square-foot space will feature themed dining, live entertainment, beverages, and merchandise. Another location is planned for King of Prussia, Pennsylvania, with both slated to open in 2025.
The Galleria was selected for its high foot traffic and proximity to major cities. Netflix House will enhance the mall's experiential offerings, which have grown as traditional retail has declined. This venture signifies Netflix’s commitment to live experiences and consumer products, aiming to bolster their marketing and physical presence.
Malls have increasingly focused on experiential offerings as online shopping has diminished traditional apparel sales. In North Texas, the Shops at Willow Bend hosts the Crayola Experience, Grapevine Mills features the Legoland Discovery Center, Sea Life Aquarium, and Peppa Pig World of Play, and the experiential art venue Meow Wolf caters to a broader audience.
Having co-founded an “experiential retail” offering years ago, I witnessed the potential to transform the retail exodus and reimagine malls. It was a forward-thinking strategy, especially pre-COVID. Netflix’s initiative is timely, filling a current market void perfectly.
Sony's recent acquisition of the Alamo Drafthouse is another smart move, highlighting how studios are diversifying as the streaming landscape shifts. Two decades ago, I was involved in a venture called WorldStage with retail strategist Mike Mitchell. We pioneered mid-week entertainment at theatres, a concept ahead of its time but much needed today as the box office struggles. It seems like the right time to expand the entertainment experience for studios like Netflix. I applaud their efforts.
AI Roundup
Stability AI, the maker of the popular AI image generator Stable Diffusion, is in big financial trouble. The startup is facing a severe cash crunch and is in talks of being sold off. Not so stable!
HubSpot AI
Experience increased productivity and accelerated growth with AI-powered features integrated into the HubSpot customer platform.
DeepMind's New AI Generates Soundtracks And Dialogue For Videos
DeepMind is developing an AI technology called V2A to generate synchronized soundtracks for videos. It uses diffusion models trained on audio, dialogue transcripts, and video clips to create music, sound effects, and dialogue.
Ray Kurzweil on how AI will transform the physical world
The changes will be particularly profound in energy, manufacturing and medicine, says the futurist. “By the time children born today are in kindergarten, artificial intelligence (ai) will probably have surpassed humans at all cognitive tasks, from science to creativity.”
Investment news
Geoff Hinton and Max Welling $30m carbon capture start up
Geoff Hinton and Max Welling, preeminent researchers in the field of AI, have assembled a strong team and are working to build AI systems that help with material science for carbon capture. This is #innovationforgood!
Decagon raises $35m Series A from Accel + a16z
Decagon is building human-like AI agents for customer support. It raised a $30M Series A from Accel and $5M Seed from a16z. Decagon's product handles global support for companies like Eventbrite, Rippling, Webflow, BILT, and Substack. You will be seeing this sooner or later and is the next evolution for customer service.
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About the Author
Curt Doty specializes in branding, product development, social strategy, integrated marketing, and UXD. He has extensive experience on AI-driven platforms MidJourney, Adobe Firefly, ChatGPT, Murf.ai, and DALL-E. His legacy of entertainment branding: Electronic Arts, EA Sports, ProSieben, SAT.1, WBTV Latin America, Discovery Health, ABC, CBS, A&E, StarTV, Fox, Kabel 1, TV Guide Channel, and Prevue Channel.
He is a sought after public speaker having been featured at Streaming Media NYC, Digital Hollywood, Mobile Growth Association, Mobile Congress, App Growth Summit, Promax, CES, CTIA, NAB, NATPE, MMA Global, New Mexico Angels, Santa Fe Business Incubator, EntrepeneursRx and AI Impact. He is now represented by Ovationz. His new consultancy RealmIQ helps companies manage the AI Revolution.
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