$Netflix(NFLX)$ Netflix is clearly the established leader. WBD content addition strengthens its asset base, content library, and long-term subscriber growth. The streaming industry is consolidating. Smaller players are acquired or pushed out, leaving only 3-4 major platforms. They will have pricing power, forming an oligopoly. Launching a new platform today is nearly impossible. Content acquisition costs are massive, infrastructure and marketing expenses high. With fewer competitors, remaining players are better positioned for sustainable profits. Amazon’s stock barely moved over the past year. Consumers keep subscribing to streaming services. As competition shrinks and weaker players exit, the long-term outlook for dominant platforms remains positive.