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Over the past 25 years, Netflix has revolutionized the film and television industry. The company has amassed more than 220 million subscribers in 190 countries, billions of hours watched on Stranger Things and won 226 awards. However, in 2022, things have started to look rather different for the popular streamer while fighting an uphill battle to stay relevant in the streaming wars. In the second quarter of 2022, Netflix lost almost a million subscribers while its rival Disney+ added around 14 million new subscribers.
Cinemas in the United States and around the world have taken a major hit during the pandemic. Domestic box office numbers have plummeted from $11.2 billion in 2019 to $3.8 billion in 2021. As for AMC Entertainment, the pandemic has been chaotic. The theater company was virtually out of cash and nearly bankrupt, but the "APE meme-stock" movement of 2021 may have saved the company.
And with more than 500 hours of video uploaded every minute and more than a billion hours viewed every day, Google's YouTube is the world's second-largest search engine. And its meteoric growth has not slowed down, more than 2 billion users visit the site every month. CNBC examines how the video platform has changed over the past 15 years and whether it can stay on top.
Chapters:
00:00 — Presentation
00:30 — How Netflix lost its advantage against Disney+ (published in September 2022)
3:10 p.m. — Will movie theater companies like AMC survive? (Published August 2022)
27:59 — How YouTube became an internet video giant (published in November 2020)
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How Netflix and YouTube changed entertainment forever | CNBC Marathon
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