Streaming companies are taking over as dominant players in film and television, forcing traditional entertainment companies to invest more.
Driving the news: Broadcast networks were shut out of Golden Globe nominations yesterday, while Netflix received 17 nominations for its TV hits.
Despite the fact that Netflix led all other tech companies and entertainment studios in Golden Globe nominations for TV and film, the tech giant was largely beaten out by traditional content companies on Sunday.
Why it matters: The evening served as a pushback from traditional Hollywood against the new tech companies that are encroaching on its turf.
In a regulatory filing on Monday, Netflix released revenue and subscription data that showed the service has grown fastest in regions outside of the U.S. and Canada from 2017 to 2019.
Why it matters: This is the first time Netflix has disclosed subscriber numbers for specific regions. Netflix's streaming business in North America is still growing, but the platform — like other consumer media companies — is increasingly looking to other regions to continue its growth when business inevitably slows down at home.