Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Why it matters: It demonstrates a massive shift in the elite television business from traditional TV companies to digital streaming companies that can pour billions of dollars into content. HBO has lead Emmy nominations for the past 17 years.
The bigger picture: Roughly one third (30%) of all 538 Emmy nominations this year went to tech platforms. Leading the nominations in totals by platform were Netflix (112), Hulu (27) and Amazon Prime Video (22).
Why it's happening: The corporate structure of newer tech companies, as well as the pace of tech innovation, has caused investors to reward companies that can scale and adapt to consumer trends quickly, as opposed to companies that focus on consistently delivering profit.
- Because of this, streaming companies are able to invest billions of dollars in creating and buying content to lure viewers from traditional networks. Those investments often mean that those companies are accruing of billions of dollars of debt, but it also means they have a greater chance of winning awards.
- Netflix, for example, is estimated to spend upwards of $10 billion on content annually. Amazon will spend roughly $6 billion on content this year. By contrast, most of the networks, like CBS and NBC, will spend roughly $2 billion.
The big picture: Some of the shows with the most nominations came from the tech platforms, while others came from traditional networks. HBO's Game Of Thrones had the most nominations (22) in all categories, followed by NBC's Saturday Night Live (21) and HBO's Westworld (21).