After mounting a comeback, Netflix shares recently hit all-time highs. But its success is in stark contrast to the rest of Hollywood, which is struggling to adapt in an industry that is becoming more and more dominated by tech companies. The FT’s Los Angeles bureau chief Chris Grimes explains how Netflix came out on top and how its dominance could change the rules of Hollywood.
Clips from AP Archive, CBS, Evening Standard, Reuters, NBC
For further reading:
How Netflix won the streaming wars)
Netflix profits surge after password-sharing crackdown)
Streaming wars are over and Netflix won)
Netflix faces tough battle in advertising wars)
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