Please ensure Javascript is enabled for purposes of website accessibility

Netflix Proves Streaming Is Eating the World

By Danny Vena - Feb 26, 2021 at 9:00AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The streaming pioneer continues to lead the pack, setting another important milestone.

Netflix (NFLX -0.69%) has long believed that by packing its library with the best quality content it can make (or find), the company will continue to attract new viewers. Netflix recently ran the table at the Golden Globe nominations, beating out a host of contenders. Its strategy is bearing fruit as subscribers grew by 22% year over year in the fourth quarter.

On this clip from Motley Fool Live, recorded on Feb. 10, "The Wrap" host Jason Hall, and contributor Danny Vena discuss why this was such a groundbreaking year for streaming services and what it means for Netflix.

Jason Hall: Danny Vena, there's a theme. You're smarter, happier, and richer over the past few months. I like this.

Danny Vena: There has been. They announced the Golden Globe nominations here last week and it was notable for a number of reasons, not least of which is the one I'm going to get to in a moment.

But there were three women that were nominated for best director, which is a first. This was a year when nearly all of the nominations were not released in theaters. They were released on streaming video, so that's a first time for that. Which leads you to my point, which is, this is further evidence of the proliferation of streaming, supplanting traditional and broadcast television.

The big winner out of the Golden Globe nominations was Netflix that nabbed a jaw-dropping 42 nominations during the year. To put that in perspective, Disney (DIS -0.28%) came in second with 25; Warner Media rounded out the top three with 13; seven of those went to HBO and HBO Max; and Amazon (AMZN 1.42%) Prime Video came in with 10.

What I was pretty excited about was the fact that Netflix was strong in both the movie category and the television category. Netflix Original movie Mank and the Aaron Sorkin original that it bought, The Trial of the Chicago 7, were both right up there at the top of the pack. In the television category, you had The Crown, Ozark, Queen's Gambit, and Ratchet.

I wanted to mention that Ratchet was one of the first fruits of the collaboration with Ryan Murphy, who, they made a five-year deal a couple of years back that paid the guy as much as $300 million. If you don't know who Ryan Murphy is, you've probably heard of Glee or American Horror Story or Nip/Tuck or 911, or Feud, or American Crime Story: The People Versus O.J. Simpson. Those are all products from the mind of Ryan Murphy. So Golden Globe nominations, streaming is eating the world. Yay, Netflix.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Netflix, Inc. Stock Quote
Netflix, Inc.
$178.36 (-0.69%) $-1.24
AT&T Inc. Stock Quote
AT&T Inc.
$20.95 (1.65%) $0.34
The Walt Disney Company Stock Quote
The Walt Disney Company
$95.65 (-0.28%) $0.27, Inc. Stock Quote, Inc.
$108.92 (1.42%) $1.52

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/29/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.