Netflix’s Warner Bros. merger puts rival streamers in survival mode.

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How it started
From 2019 to around 2021, we were in the midst of a streaming renaissance. Paramount Plus, Disney Plus, Apple TV, Peacock, and HBO Max all made their debuts, challenging the dominance of Netflix and other legacy streamers like Hulu and Amazon Prime Video. This is The Stepback, a weekly newsletter breaking down one essential story from the tech world.