With the gradual shift toward most TV shows and movies being consumed via streaming, it doesn’t take a business degree to see that, in this new landscape, Netflix has created a considerable distance between itself and its competition. As the streaming giant looks to consolidate its place in the industry, Republican senators have made it clear that they are worried about the “woke” elements of its content.
A decade ago, Netflix was a promising market leader operating in a non-essential corner of the entertainment industry, with a handful of original programming, your favorite rewatches, and a lot of potential. Now, in a drastically different industry that has been ravaged by the pandemic and strikes, Netflix is the top dog. Every awards season, they dominate, and at every film festival, they offer the highest bids for new movies. At the end of last year, they made their most ambitious move yet by buying Warner Bros. Discovery.
