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Behind the Money
How Netflix is upending Hollywood
Oct 2, 2024
Chris Grimes, the Los Angeles bureau chief for the Financial Times, offers insights into Netflix's remarkable resurgence and its impact on Hollywood. He discusses how Netflix transformed from a DVD rental service to a streaming leader, reshaping industry compensation models. Grimes highlights the tension between Netflix and traditional filmmakers, as well as the company’s strategies like introducing an ad-supported model and banning password sharing. The conversation also touches on the shifting power dynamics in entertainment as tech giants increasingly dominate.
20:35
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Quick takeaways
- Netflix's successful adaptation of its strategy, including an ad-supported tier and stricter password policies, has significantly boosted its subscriber base amid fierce competition.
- The growth of Netflix is forcing traditional Hollywood studios to evolve their business models, underscoring the ongoing shift towards technology-driven entertainment.
Deep dives
The Importance of Two-Factor Authentication
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode