How scared is Hollywood of Netflix and Amazon? - The Washington Post

Later in the article: "Netflix said it plans to spend a jaw-dropping $6 billion this year on content, including more than 600 hours of original films and TV."

"For years, streaming giants like Amazon and Netflix have fought unsuccessfully for a place at the table of one of the film world's most lucrative events, aiming to compete with traditional distributors who buy and advertise the movies in hopes of pocketing box-office profits.

But now, surprisingly, the streaming giants are starting to win, the latest sign that the tech giants' deep pockets and fast-growing ambitions are making them real players in the movie business — and raising fresh questions over how the industry hopes to compete with Big Stream."

How scared is Hollywood of Netflix and Amazon? - The Washington Post