Happy Friday!

Sometimes it's tough at the top! This week Netflix battles on multiple fronts, locking horns with movie theaters over the release of Martin Scorsese’s upcoming film The Irishman. All while keeping an eye on new competition. French regulators have given the go-ahead to its broadcasters to launch a new streaming service, Salto. This signals that Netflix will see more and more local-based competitors in the future.

Our top pick this week is also Netflix-centric, and comes from esteemed Silicon Valley VC Benedict Evans. He writes about how Netflix isn't actually a tech company, but a TV company. He compares its strategy with Sky which used technology as a crowbar to build a new TV business, in the 1990s.

Team Rerun