Streamers stealing awards and market share

New powerhouse players in the entertainment industry are seeking Hollywood nods - and it's paying off

Vikram Barhat 15 January, 2020 | 9:35AM

Golden Globe Awards

This is the year when streaming wars are going to get into high gear. As the newer streaming services line up to join the fray later this year, the existing players, some barely months old, have started to assert their dominance in entertainment’s newest battleground. This year’s Golden Globe Awards, which marks the beginning of the annual film awards season, was a testament to their growing power and popularity.

This year, for the first time, streaming services appeared to be outshining each other for top honours, and not just trying to upstage legacy entertainment behemoths. Streaming giant Netflix snagged the maximum number of Golden Globe nominations. Amazon Prime, Hulu and Disney also managed to score multiple nominations. The showdown between the old and new Hollywood got even more intense for the upcoming Academy Awards nominations with Disney getting 23 nods across categories, but Netflix leading the race with 24 noms.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amazon.com Inc3,200.00 USD0.55
Apple Inc383.68 USD0.25
Netflix Inc548.73 USD8.07
The Walt Disney Co119.34 USD2.17

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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