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Netflix has also proven adept at navigating the complex relationships between streaming and traditional studios. In a notable example, Sony Pictures’ animated feature K-Pop: Demon Hunters —originally planned for theatrical release—was sold to Netflix in 2021 amid pandemic uncertainties. The film premiered on Netflix in June 2024, surpassing 300 million views and becoming the most-watched Netflix film to date. Netflix reportedly paid a $15 million bonus to Sony Pictures in recognition of the film’s success, with total profits reaching $40 million.

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Universal has built a resilient empire by balancing massive action franchises with high-concept horror and animation. Netflix has also proven adept at navigating the

The ecosystem is fracturing. Here are the trends shaping the next generation of productions. Netflix reportedly paid a $15 million bonus to

Historically, the American film industry has been ruled by major studios that control everything from production to distribution.