One of the big challenges in 2020 for Netflix (NASDAQ: NFLX) is going to be to minimize U.S. subscriber losses. Now that Walt Disney (NYSE: DIS) has come out with its own streaming service, Disney+, the two companies will be facing off against one another. This is not the first competitor that Netflix has faced, but it's arguably the biggest one, and it's also coming at a time when some notable content is going to be pulled from its service. However, there's growing evidence that Netflix may not be in as much trouble as once feared, and that it can go toe-to-toe with Disney, AT&T-owned HBO, and other content producers as well.
One way to gauge the popularity and success of a movie or television show is by the number of major awards and nominations it receives. Netflix earned four nominations for best picture at the Golden Globes, a significant milestone.
This is the first time that Netflix has earned a nomination for best picture at the Golden Globes. Netflix is leading the way with 17 Golden Globe nominations in total, with HBO coming in a close second with 15. Disney remains the dominant force in animated movies with three nominations for best motion picture in the animated category.