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In 2021, streaming services ceased to be just a supplement to traditional media; they became the primary destination for blockbuster entertainment. The Rise of Day-and-Date Releases

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The biggest media story of the year came from South Korea. Netflix’s Squid Game shattered records to become the platform's most-watched series of all time. The dystopian survival drama captured the global zeitgeist, illustrating a growing appetite for non-English language content. It proved that localized storytelling, when paired with universal themes of economic anxiety, could achieve unprecedented global monoculture status. Intellectual Property and Prestige TV In 2021, streaming services ceased to be just

In September 2021, South Korea’s Squid Game debuted on Netflix with minimal initial marketing. Within weeks, the dystopian survival drama became a viral global juggernaut, shattering records to become Netflix’s most-watched series of all time with over 1.65 billion hours viewed in its first 28 days. The show’s critique of economic inequality resonated across cultural boundaries, sparking viral TikTok trends, merchandise frenzies, and an unprecedented surge in interest for Korean entertainment (K-content). Beyond South Korea Netflix’s Squid Game shattered records to become the