Netflix is pivoting away from prestige

What happened

Many of Netflix's biggest critically acclaimed hits have been the products of its multiyear production deals with noted directors like David Fincher and Shawn Levy. In the past few weeks, though, the streamer has brought some of those partnerships to an end in a way that feels indicative of a larger strategic shift. Netflix is based in Los Gatos, and its products and services include streaming media.

With rival studios Paramount and Warner Bros. Discovery on the verge of a megamerger that will reshape the entertainment landscape, Netflix is clearly thinking about how it can continue to hold its own in the ongoing streaming wars .