How has Netflix's approach to content creation impacted traditional TV networks?
Netflix's approach to content creation has significantly impacted traditional TV networks by challenging their long-standing practices and business models. By pioneering the binge-watching model and releasing entire seasons at once, Netflix disrupted the watercooler model of weekly episode releases, forcing traditional networks to adapt to changing viewer preferences. Additionally, Netflix's data-driven decision-making process allowed them to make bold moves like offering multi-season deals without pilots, which was unheard of in the industry. This forced traditional networks to reevaluate their own decision-making processes and consider incorporating more data analytics into their strategies.