Stranger Things, Squid Game, The Crown, Wednesday, Glass Onion. Netflix is the definitive "production studio" of the 21st century. Unlike traditional studios that rely on box office, Netflix relies on data. Their algorithm dictates which shows get greenlit, allowing them to take risks (like a Korean survival drama Squid Game ) that legacy studios would avoid. They produce more original content than any other entity on Earth, but their model is high churn—releasing dozens of movies and shows every month to keep subscribers hooked.