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Photo by Neilson Barnard/FilmMagic

Netflix tied HBO in Emmy wins for the first time ever Monday night, putting an end to HBO's 17 year-long winning streak.

Why it matters: It marks the first time in Emmy history that a streaming company has joined a traditional broadcaster in taking home the most awards. And it's the first time any tech company has done so at a major U.S. awards show.

The backdrop: The tie comes amid a bitter rivalry between HBO and Netflix for entertainment dominance.

  • AT&T CEO and Chairman Randall Stephenson recently compared HBO, which it acquired as part of its deal with Time Warner in June, to the "Tiffany's" of entertainment, while he sad Netflix like "Walmart."
  • Netflix is estimated to spend upwards of $10 billion on content annually, while HBO, like most traditional TV networks, will spend $3 billion to $4 billion. Stephenson has suggested that AT&T wants to invest more in HBO to better compete with Netflix.

Amazon also had some big victories Monday night.

  • Amazon won swept comedy awards with its series "The Marvelous Mrs. Maisel,” winning five awards for the show.
  • Both Hulu and Amazon have now a best series award for "The Handmaid’s Tale" and "The Marvelous Mrs. Maisel," respectively, while Netflix has yet to win in the biggest category.

The bigger picture: The milestone represents a huge shift in power within the television business from legacy TV companies to digital streaming companies that can pour billions of dollars into content.

Go deeper

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

Thanksgiving box office shows theaters have long road to recovery

Photo of Disney's "Encanto;" Credit: Disney

Box office ticket sales over the Thanksgiving holiday show that consumer confidence in moviegoing is slowly improving, but not enough to bring the struggling theater industry back to pre-pandemic levels anytime soon, if ever.

Why it matters: "We may have to temper expectations a bit" for next year, said Comscore senior media analyst Paul Dergarabedian.