Netflix dominates the Golden Globes, ushering in a new era for streaming

Netflix (NASDAQ: NFLX) Has long believed that the key to attracting and retaining customers is to stock its large and growing digital entertainment library with the best quality programming it can find. This strategy was fully exposed to the Golden Globes 2021 February 28. The streaming giant walked away with 10 statues in all, easily overtaking the competition. For the context, Disney (NYSE: DIS) was the finalist, coming away with five awards.

Several of Netflix’s flagship productions won the evening, including The crown, which won four awards, including Best Drama Series. The historic program, now in its fourth season, has also walked away with a number of coveted acting trophies. These included Best Dramatic Actress for Emma Corrin for her portrayal of Princess Diana, Best Dramatic Actor for Josh O’Connor as Prince Charles and Best Supporting Actress for Margaret Thatcher’s portrayal of Gillian Anderson.

Image source: Getty Images.

Very popular limited series The Queen’s Gambit also won two trophies, including Best Limited TV Series and Best Actress to Anya Taylor-Joy for her portrayal of chess prodigy Elizabeth Harmon. The Queen’s Gambit was a smash hit for Netflix, becoming the platform’s most watched limited series, drawing 62 million homes in its first four weeks of release.

Disney scored two wins each for Nomadic country and the animated feature film from Pixar Soul. He also landed a trophy for Hulu’s The United States vs. Billie Holiday.

Netflix had by far more nominations than any other company, with 20 nods for its series and 22 for films.

Last year marked a turning point for streaming services, as the COVID-19 pandemic forced theaters to close for much of the year. This has forced many productions to make the jump to streaming platforms to be seen.

Netflix recently announced that it ended the year with 204 million paid subscribers and surprised investors with the revelation that it expected positive cash flow going forward.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

About James Almanza

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