INSUBCONTINENT EXCLUSIVE:
products and revenues.So it often takes a real competitor to force these incumbent, legacy businesses to evolve in any meaningful way
company creates a new technology or business model that is better for an under-served segment of a market, and as that company improves, it
easy, as WeWork and MoviePass have shown us over the past few years.In both cases, there were incumbents
In movie theaters, you had AMC and the like, which built a business model around ticket sales (shared with movie studios) and food/beverage
concessions that targeted occasional customers at a high price point
Meanwhile, in commercial real estate, you had large landowners and family holders who demanded extremely long rent terms at high prices,
often with personal financial guarantees from the CEO of the tenant firm.
