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Netflix started as a mail-order DVD service, but they effectively invented the streaming model we know today. While they are heavy spenders, they operate differently than legacy studios—they prioritize volume and subscriber growth over box office receipts.

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These companies have shifted the industry focus from theater seats to monthly subscriptions. Key Productions: Stranger Things , Squid Game , Bridgerton , Netflix started as a mail-order DVD service, but

While smaller than the majors, these studios define the cultural "cool" and push creative boundaries. Key Productions: Everything Everywhere All At Once , , Hereditary While smaller than the majors