How Netflix is upending Hollywood

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Behind the Money

2024-10-02

20 分钟
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After mounting a comeback, Netflix shares recently hit all-time highs. But its success is in stark contrast to the rest of Hollywood, which is struggling to adapt in an industry that is becoming more and more dominated by tech companies. The FT’s Los Angeles bureau chief Chris Grimes explains how Netflix came out on top and how its dominance could change the rules of Hollywood. Clips from AP Archive, CBS, Evening Standard, Reuters, NBC - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Netflix won the streaming wars Netflix profits surge after password-sharing crackdown Streaming wars are over and Netflix won Netflix faces tough battle in advertising wars - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Chris Grimes (@grimes_ce) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • The last few years in Hollywood have been rough, to say the least.

  • Writers and actors on strike.

  • LA is a union town.

  • Movie theater attendance continues to lag.

  • The U.S. has lost more than 2000 movie screens since the start of the pandemic.

  • At some points, it seemed like almost everyone from Disney to Warner Brothers was feeling the pain.

  • But there's one company that's not only made it through, it's capitalized on the chaos.

  • Netflix recently hit an all time high on the stock market.

  • And you contrast that with what's happening with the traditional You know,

  • the traditional Hollywood companies are having a really rough time right now.

  • Netflix seems to be back on top.

  • And in Hollywood, everybody loves a comeback story, right?

  • Well, maybe everyone besides Netflix's competitors.