The Highly Anticipated Emmys 2021: What to Expect and How to Watch

Netflix, Inc., founded in 1997 by Reed Hastings and Marc Randolph in Los Gatos, California, is a global media and entertainment company primarily known for its streaming service that offers movies, TV series, and games to over 300 million paid subscribers across more than 190 countries[1][2]. Initially disrupting the traditional video rental market dominated by Blockbuster, Netflix evolved from DVD rentals to pioneering the streaming model in 2007, fundamentally changing how audiences consume entertainment[1]. Netflix’s transition into original content production beginning in 2013 marked a significant milestone, with acclaimed series and films that garnered numerous awards, establishing it not only as a distributor but also a creator of high-quality content[1]. This strategic pivot helped Netflix compete against traditional broadcasters and emerging streaming platforms. By 2023, Netflix expanded into live programming, further broadening its content offerings and competitive scope[1]. Financially, Netflix is a powerhouse with a market capitalization of approximately $464 billion as of late 2025, annual revenues exceeding $43 billion, and a strong earnings per share figure of $23.97 from the previous year, showcasing robust profitability and investor confidence[1]. Under the leadership of CEO Theodore A. Sarandos, Netflix continues to innovate in entertainment technology, providing flexible viewing experiences where users can play, pause, and resume content anytime, anywhere[1][2]. Notable aspects of Netflix include its disruption of traditional media, its investment in diverse global content, and its adaptation to technological shifts in media consumption. Its impact extends beyond entertainment to influence digital distribution, consumer behavior, and the economics of content creation and delivery in the 21st century[1][2]. Netflix remains a benchmark in streaming services and a key player in the evolving landscape of global entertainment.

CBS, originally founded in 1927 as the Columbia Broadcasting System, is a major American media company known primarily for its commercial broadcasting, television production, and publishing activities. It began as a radio network established by talent agent Arthur Judson but was soon acquired by William S. Paley, who transformed it into a dominant force in radio by leveraging advertising revenue through large audiences[1][5]. CBS expanded into television early, launching experimental broadcasts in 1931 and pioneering the first color TV broadcast in 1940 from its Chrysler Building transmitter in New York City[1][2]. The network became a leader in television entertainment and news through the mid-20th century, with iconic programs and personalities such as Ed Sullivan, Lucille Ball, and Walter Cronkite contributing to its popularity[3]. CBS also innovated in network news with the Columbia News Service, led by Edward R. Murrow, which established its reputation for serious journalism in the 1930s and 1940s[2]. Throughout its history, CBS diversified into related sectors like recording (Columbia Records) and publishing but eventually refocused on broadcasting and entertainment. It underwent several corporate transformations, including a merger with Westinghouse Electric Corporation in 1995, adoption of the CBS Corporation name, and acquisition by Viacom in 2000. After splitting from Viacom in 2005 and operating independently, CBS re-merged with Viacom in 2019 to form ViacomCBS, which was renamed Paramount Global in 2022. In 2025, CBS became the flagship network of the newly formed Paramount Skydance Corporation following an $8 billion merger with Skydance Media[3][4]. Today, CBS remains a key player in American media, known for its broad programming reach, influential news division, and historical significance in radio and television innovation. Its long-standing presence and adaptability in business and technology make it a cornerstone of the broadcasting industry. CBS’s leadership under President and CEO George Che