: Currently the largest entertainment company by revenue ($123.55B TTM), owning NBCUniversal DreamWorks Animation The Walt Disney Company (DIS)

Originally a distributor, Netflix is now the world’s largest streaming production studio. It operates on a "data-driven" model, greenlighting an enormous volume of content to see what sticks.

: Detailed planning, including hiring crew, casting talent, and scouting locations. Production (Principal Photography)

These companies disrupted the traditional studio model, creating content specifically for digital platforms.

: The youngest of the Big Five, operating Columbia Pictures and maintaining strong global distribution. The New Guard: Tech and Streaming