Hollywood shares another parallel with the music industry in that a new streaming technology platform with considerable financial backing is transforming its distribution model. Just as Spotify is leading to a sea change in the economics and consumption patterns of recorded music, Netflix is pioneering a transition in the film and television industries. … Netflix has moved aggressively into this precarious situation, transitioning from a DVD delivery service into a global streaming video platform, content producer, and the belle of Wall Street. Crossing the one hundred million subscriber mark in 2017, then the two hundred million mark in 2021, Netflix shares rose 13,000 percent in its first fifteen years since its IPO in 2002, making for the second highest returns on the S&P 500.

XREF: Parallels noted between Spotify's disruption of music and Netflix's disruption of film/TV — connects to discussions of platform disruption across creative industries.

Andrew deWaard, Derivative Media, loc. 309