"It is significant that the new Paramount regime's first move was to prise Stranger Things creators Matt and Ross Duffer away from Netflix. And Netflix, of course, have made their billions by upending the traditional pitch-session-to-cinema pipeline that had sustained the film industry for decades. They have signed up legions of the classiest directors, hogged nearly all the audience-friendly documentaries and premiered one water-cooler series after another."
"Partly, of course, Netflix is getting its hands on successful IP (intellectual property), the most valuable commodity in today's entertainment industry. (In this case, it's DC Universe movies, Harry Potter, Barbie and Game of Thrones.) But there's something else at play here: for all its success, there are two things Netflix wants and has never achieved. First is to win the Academy Award for best picture and, second, to make a proper blockbuster movie."
Corporate Hollywood has experienced major upheaval driven by recent studio acquisitions and mergers. Streaming services have altered industry dynamics, prompting conglomerates to buy franchises and talent to bolster their platforms. Disney's purchases fortified Disney+ with Marvel, Star Wars and Pixar. Paramount pursued marquee creative talent to compete with Netflix. Netflix disrupted the traditional cinema pipeline, signed top directors, cornered audience-friendly documentaries and launched hit series. The Netflix acquisition of Warner Bros secures valuable IP like DC, Harry Potter and Game of Thrones. Netflix also seeks prestige awards and a true blockbuster presence alongside its streaming dominance.
Read at www.theguardian.com
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