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: While primarily a distributor, Netflix has become a major producer of original IP like Stranger Things and Squid Game , increasingly acquiring legacy libraries to bolster its catalog. Historical Context and Evolution

The current dominance of these studios is rooted in the , where the "Big Five" (MGM, Warner Bros., Paramount, 20th Century Fox, RKO) and "Little Three" (Universal, Columbia, United Artists) practiced vertical integration , controlling everything from production to the theaters themselves. : While primarily a distributor, Netflix has become

: Maintains a steady presence with massive franchises like The Hunger Games , John Wick , and the upcoming Michael Jackson biopic. : While primarily a distributor