Industry News

How does Netflix remain king as new competitors chip away?

27 April, 2021

It’s been quite a week of high, and often dashed, expectations for Netflix, the one-time streaming revolutionary trying to maintain its thoroughly dominant position in an industry that’s gotten so, so, so much bigger in the past year.

The company saw share prices plunge more than 10% in the hours after it released Q1 earnings Tuesday, which were pretty good except where investors were looking.

And then there were the Oscars on Sunday, a telecast about movies where 17 Netflix streaming projects received a whopping 36 nominations. Netflix ended up with seven statues, including two each for Mank and Ma Rainey's Black Bottom and ones for best live-action short, best animated short and best documentary (for My Octopus Teacher, a win that prompted a thousand social memes). All in, a good night for the streaming service with the most wins.

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