Streaming Services Rankings: A Professional's Detailed 5-Step Methodology
In the ever-evolving world of media and entertainment, staying informed about the strategies of the leading streaming platforms is essential for professionals seeking to pitch projects, partner with producers, and align with a platform's content strategy. This article aims to provide actionable intelligence about the business engines of the world's biggest streaming platforms.
Key Takeaways
- Understand Platform Strategy: Each streaming service has a unique blueprint and appetite, and it's important to know what each one is hungry for before pitching a project.
- Follow the Data: Data-driven decisions are key to success in the streaming industry. Understanding viewing habits, demographics, and market trends can help you create content that resonates with audiences.
- Identify Niche Opportunities: Opportunities abound for projects with strong international themes, high-end animation, VFX, or storytelling that can logically connect to one of the major franchises.
- Build the Right Connections: Networking and building relationships with key executives and potential production partners is crucial for success in the streaming industry.
The Big Four's Core Strategies
Disney
Disney+ plays a different game, focusing on leveraging their world-class Intellectual Property (IP), with everything revolving around their core brands such as Marvel, Star Wars, Pixar, Disney Animation, and National Geographic.
Netflix
Netflix's content strategy includes producing and acquiring content globally, with a focus on local stories that can travel globally, volume and diversity, data-driven decisions, and greenlighting projects based on viewing data.
Max (the home of HBO)
Max is the home of critically acclaimed, award-winning television, while Amazon Prime Video offers a mix of quality and commerce. Max focuses on quality over quantity, while Amazon Prime Video adopts a hybrid model.
Amazon Prime Video
Amazon's content strategy is tied to its larger e-commerce empire, with Prime Video serving as a tool to attract and retain Prime subscribers. The Amazon Prime Video platform offers varied opportunities for producers of big-budget genre content, sports-adjacent programming, and indie film distribution.
Decoding Netflix
Netflix's business strategy is centred around innovating user engagement, leveraging data-driven personalization, diversifying content and revenue streams, and maintaining scalability and profitability. Key elements include:
- Enhancing User Engagement: Netflix is investing heavily in interactive content, aiming to create synergy between games and original video-on-demand content to boost overall engagement and retention.
- Data-Driven Personalization and Technology Investment: Netflix’s recommendation algorithms and its proprietary content delivery network ("Open Connect") enable efficient, personalized streaming experiences globally, strengthening customer loyalty and differentiating the service.
- Customization and Market-Specific Offerings: Netflix adapts content and user experiences by researching demographics in each country before international expansion, rather than offering the same catalog universally.
- Diversifying Revenue Streams: In addition to subscription revenue, Netflix is building its own advertising technology platform to create new income sources and reduce dependence on third parties.
- Focusing on Profitability Over Subscriber Growth: The industry is shifting from a growth-at-all-costs mindset to balancing customer acquisition costs with profitability.
- Influencing Consumer Culture and Viewing Habits: Netflix pioneered the concept of binge-watching and influenced viewing culture, which distinguishes it and strengthens its brand presence globally.
- Capitalizing on Mobile and Creator Economy Trends: The rising demand for online video content, mobile device usage, and the global creator economy encourage streaming services to integrate creator-driven content and mobile-first strategies.
Unpacking Disney
Disney+ plays a different game, focusing on leveraging their world-class Intellectual Property (IP), with everything revolving around their core brands such as Marvel, Star Wars, Pixar, Disney Animation, and National Geographic. Opportunities at Disney+ are more specific and involve high-end animation, VFX, or storytelling that can logically connect to one of their major franchises.
Analyzing Max and Amazon
Max (the home of HBO) and Amazon Prime Video represent two different approaches to streaming, with Max focusing on quality over quantity and Amazon Prime Video adopting a hybrid model. Opportunities at Max are more abundant for projects with strong international themes or a format that can be easily adapted for different markets, while Amazon makes big bets on tentpole series, acquires a wide range of films and series, and is a major player in live sports.
Turning Intelligence into Action
To stay ahead of the market, it's essential to track thousands of projects and deals in development. The our website Project Tracker provides real-time data on shows in development, pre-production, and production across the globe, including for all major streaming services. The our website Membership offers access to industry briefings, global TV+Film productions reviews, insights on micro-dramas and mobile-first storytelling, and analysis of the impact of YouTube’s expansion on SVOD.
Conclusion
The "streaming wars" are no longer a novelty for consumers. Understanding the business strategies of top streaming services is crucial for media and entertainment professionals. This article provides actionable intelligence about the business engines of the world's biggest streaming platforms, aiming to help you make informed decisions about pitching projects, partnering with producers, and aligning with a platform's content strategy.
- To succeed in pitching projects to streaming platforms like Disney+, it's important to focus on high-end animation, VFX, or storytelling that can logically connect to one of their major franchises.
- For producers looking to partner with Max (the home of HBO) or Amazon Prime Video, opportunities are more abundant for projects with strong international themes or a format that can be easily adapted for different markets.