For years, it has been an undeniable fact that Netflix is the single most dominant subscription streaming service in the world. With over 300 million global subscribers, no other platform really even comes close. However, that doesn’t mean that the world’s largest streamer isn’t constantly looking at its competition in order to figure out ways to further cement its status in the industry.
One of the key arguments that Paramount advanced before it convinced Warner Bros. Discovery’s board to pivot away from Netflix’s acquisition attempt is that Netflix’s purchase of the company would be a threat to streaming competition, since it would own HBO Max as a result, making it the owner of two of the top-five subscription platforms in the world. Netflix pushed back by claiming that social video platforms like YouTube and TikTok, not other streamers like Paramount+ or even Disney+, are the services that it’s really
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