Netflix

Print writers turn to television for the big bucks

Netflix. Photo: Chesnot/Getty Images

A collection of well-off TV studios and streaming services are competing with traditional media companies for a generous slice of the home entertainment space, and bringing glossy magazine writers along by buying the rights to develop their stories into hit shows, Bloomberg reports.

Why it matters: Big Tech's efforts to take over Hollywood stems from its poaching of talent and franchises. Over the past year, companies such as Netflix, Amazon and Hulu have hired top TV producers to create hit shows. It's no surprise then, that these same companies are paying or hiring big print writers to develop hit storylines.

Scoop: Alexandria Ocasio-Cortez in talks to do Green New Deal doc

Photo: Tom Williams/CQ Roll Call via Getty Images

Rep. Alexandria Ocasio-Cortez (D-N.Y.) is in talks with documentary filmmaker Rachel Lears about a new project that would chronicle the freshman Democrat's Green New Deal policy movement, according to two sources familiar with the project.

Between the lines: Lears is same filmmaker behind the new Netflix documentary called "Knock Down the House," which chronicles the campaigns of four women running in the 2018 midterms, including Ocasio-Cortez.