Netflix changed the game by bypassing theaters entirely (or nearly entirely). Their production model is driven by data: if the algorithm predicts you want a heist movie with The Rock and a giant robot, Netflix will produce it.
Furthermore, (Jimmy Donaldson) have redefined production value for short-form. His YouTube videos, costing $3–5 million each, are elaborate game shows and stunts that outperform network TV ratings. For Gen Z, MrBeast is popular entertainment. IPTV XXX - Brazzers-Candy- FAP- Etc
These "majors" control the majority of international market share and handle all facets of a film’s life cycle, from financing to theatrical release. Netflix changed the game by bypassing theaters entirely