Jul 12, 2018

Netflix tops HBO in Emmy nominations for the first time

Expand chart
Data: Academy of Television Arts & Sciences; Chart: Chris Canipe/Axios

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).

Go deeper

Updated 32 mins ago - Politics & Policy

Esper catches White House off guard with opposition to military use, photo op

Defense Secretary Mark Esper said at a press briefing Wednesday that he does not currently support invoking the Insurrection Act, an 1807 law that permits the president to use active-duty troops on U.S. soil, in order to quell protests against racial injustice.

Why it matters: President Trump threatened this week to deploy military forces if state and local governments aren't able to squash violent protests. Axios reported on Tuesday that Trump is backing off the idea for now, but that he hasn't ruled it out.

Updates: George Floyd protests continue for 9th day

Demonstrators march on Pennsylvania Avenue on June 3. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Largely peaceful protests over the death of George Floyd and other police-related killings of black people continued Wednesday, marking nine straight days of demonstrations.

The latest: As several major cities moved to lift curfews, NYPD officers "aggressively" dispersed large crowds in Brooklyn and Manhattan beyond New York City's 8 p.m. curfew, per the New York Times. The National Guard was stationed outside many protests Wednesday night, including in Hollywood and Atlanta.

Trump hits back at Mattis: "I gave him a new life"

President Trump speaks at the White House. Photo: Doug Mills - Pool/Getty Images

President Trump unloaded on his former defense secretary via Twitter on Wednesday, hours after James Mattis condemned him for making a "mockery of our Constitution" in his response to mass protests in the wake of George Floyd's killing.

What he's saying: "Probably the only thing Barack Obama & I have in common is that we both had the honor of firing Jim Mattis, the world’s most overrated General. I asked for his letter of resignation, & felt great about it. His nickname was 'Chaos', which I didn’t like, & changed it to 'Mad Dog'"