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Netflix's Decline, America's Royal Wedding, GTA 6, and More

A data-driven look at Obsession's astounding box office, a Metallica–Taylor Swift feud, TikTok's livestreaming ambitions, and more—plus recommended reads and datasets.

TREND 1 STREAMING / TV

Netflix’s No-Good Year

In 2025, Netflix said goodbye to Stranger Things and Squid Game, two series emblematic of TV’s big-budget prestige era. And while correlation is not causation, I’m going to speculate that losing its two biggest shows didn’t help the platform.

For quantifiable proof of Netflix’s 2026 retrenchment, look no further than Nielsen’s streaming market share data, where Netflix has been slowly losing viewership since December of last year—which, go figure, is when Stranger Things finally ended.

Line chart of share of American TV viewing by streaming service since 2022: YouTube climbs to about 13%, while Netflix slips to about 8% in 2026, ahead of Disney & Hulu, Prime Video and the Roku Channel.

Better yet, the two biggest streaming success stories in that same period are YouTube and the Roku Channel, which charge consumers precisely $0 a month.

The economics of the YouTube vs. Netflix streaming battle are pretty hilarious when you think about it: Netflix wins market share by spending more money on content, while YouTube grows stronger by simply existing, allowing its users to handle content creation.

When Netflix has a fallow programming period, YouTube gobbles up market share by simply keeping its servers running and selling ads. Unfortunately for Netflix, the past three months have brought fewer hit shows than usual and a shrinking presence in Nielsen’s weekly Top 10 program rankings.

Small-multiple charts of each service's monthly share of Nielsen's weekly streaming Top 10 from November 2023 to June 2026, with Netflix's share falling in recent months.

Perhaps Netflix will rebound with a Stranger Things spinoff or an American adaptation of Squid Game, but that would require exactly what streamers now seem reluctant to do: spend more money and take more risks. When we chart TV’s most expensive seasons by premiere year, we see a sharp drop-off in high-priced productions beginning in 2025, while 2026 has yet to produce a show expensive enough to crack the list.

Bar chart of the 238 priciest TV seasons on record by premiere year, peaking at more than 30 seasons in 2022 and dropping sharply in 2025.

TREND 2 MOVIES / BOX OFFICE

The Obsession Obsession

Imagine the year is 2025 AD, and we’re playing a box office guessing game. I ask you to pick the highest-grossing 2026 release from the following options: Scream 7, The Mandalorian and Grogu, or a $750,000 movie called Obsession, made by a first-time director with an unknown cast.

You would have picked Star Wars. If you say otherwise, you are lying.

And yet here we are in 2026, and an unknown horror-comedy acquired out of a film festival has become a box-office sensation.

Released in mid-May, Curry Barker’s Obsession has grossed over $400 million on a budget of just $750,000—roughly the cinematic equivalent of buying Apple stock in 1985. That places Obsession in exceedingly rare company: it now has the second-highest ROI of any film released since 1970, alongside microbudget classics like Halloween and The Blair Witch Project.

Bar chart of the movies with the highest percentage ROI since 1970: The Blair Witch Project at 414,298%, Obsession (2026) at 53,890%, One Cut of the Dead at 52,547%.

While much of the box-office reporting surrounding this movie focuses on its unprecedented success, there is indeed precedent. The list of high-ROI films has long been dominated by thrifty horror movies.

TREND 3 MUSIC / CELEBRITY

America’s Royal Wedding Has Captured Hearts, Wallets, and Metallica’s Scorn

The world’s biggest pop star married one of the NFL’s most dominant players, and if you were somehow out of the loop, well, now you know.

Taylor Swift’s wedding was conducted with a level of secrecy that would make the Freemasons jealous. In the absence of concrete information, the world did what it does best: speculate wildly. And wherever there is mass speculation, you will inevitably find a horde of degenerates eager to gamble on that uncertainty through prediction markets.

Polymarket and Kalshi saw so much interest in the lead-up to the festivities that they created standalone Swift-wedding sections within their platforms, allowing users to bet on the bridesmaids, the ceremony location, the guest list, and other curiosities that are more exciting than putting money in your 401(k).

Table of Taylor Swift and Travis Kelce wedding prediction markets by amount bet, led by a $4,016,696 Kalshi market on the wedding location.

Because everything Swift does is so widely covered, her ubiquity inevitably prompted backlash—which brings us, naturally, to Metallica. Didn’t think you’d see Taylor Swift and Metallica in the same sentence today, did you?

Over the past few weeks, the only artist more discussed on Reddit than Taylor Swift has been Metallica.

Table of the most discussed music acts on Reddit over the last 30 days, indexed 1 to 100: Metallica 100, Taylor Swift 77, Oliver Tree 62.

Why? Because Metallica guitarist Kirk Hammett does not care for Swift, a position he made known by wearing a shirt that read, “Taylor Swift is a CIA psyop.”

Photo of Metallica guitarist Kirk Hammett on stage wearing a “Taylor Swift is a CIA psyop” T-shirt, beside a product photo of the shirt.

That shirt is now available on eBay, meaning you can purchase it with your Taylor Swift prediction-market winnings.

TREND 4 INTERNET CULTURE / TIKTOK

TikTok Wants to Do It Live

I’ve been tracking TikTok’s top hashtags for about three months, and despite the rapid churn of the digital zeitgeist, one hashtag has remained prominent throughout: #GoLiveGrowFast.

Table of TikTok's top trending hashtags over the last seven days, with #golivegrowfast fourth at 34.3K videos and 36M views.

I don’t use TikTok—not because I’m better than you, but because I tried it, recognized its dopamine-warping powers, and deleted it from my phone out of self-preservation. So, because I’m not actually on the platform, I had to investigate its most popular hashtags like a true narc.

My finding: TikTok really, really wants its users to “Go Live.”

#GoLiveGrowFast is the public-facing hashtag for this campaign, in which creators can encourage other TikTok users to, well, go live and (maybe) grow fast.

Right now, TikTok appears to be in the middle of a platform-wide promotional campaign in which major creators are being rewarded with digital diamonds—TikTok’s in-app creator currency—for evangelizing the wonders of livestreaming.

Screenshot of TikTok's LIVE Incentive Program page, which offers rewards for posting about LIVE and requires 1,000 followers.

If I can be old and cranky for a minute: I do not understand how watching people directly address their phones in real time has become so addictive. Perhaps “production value” is an antiquated concept. Or perhaps I’ll never know, because I am too afraid to use the app in the first place.

TREND 5 GAMING / VIDEO GAMES

Grand Theft Auto Is Making Billions Legally

Grand Theft Auto is currently responsible for a top-trending hashtag on TikTok and the most-watched trailer on YouTube (because video games also have trailers, FYI).

Bar chart of trending trailers on YouTube by views over the last 30 days: Grand Theft Auto VI leads with 171.2M, ahead of Alpha at 67.7M.

I’m no genius, but I think something may be going on with Grand Theft Auto. 🤔

Indeed, the long-delayed Grand Theft Auto 6 went on pre-sale in late June, selling an estimated 40 million units in less than an hour. Believe it or not, if sales were discontinued after that single hour of pre-sales, Grand Theft Auto would still qualify as the 19th best-selling video game of all time.

Estimates for overall sales vary widely, ranging from 70M to 450M units, so it’s entirely plausible that these projections were produced by a random number generator. Still, the low end of this range would make Grand Theft Auto 6 one of the 10 highest-selling video games of all time.

Bar chart of best-selling video games in millions of units: Tetris 520M, Minecraft 400M, Grand Theft Auto V 230M, with Grand Theft Auto VI estimated at 70M.

So if you have a teenage nephew and want to buy them a present that will thoroughly piss off their parents, look no further.

TREND 6 INTERNET CULTURE / WIKIPEDIA

Anna’s Archive—Wikipedia’s Most Persistent Page

There is a Wikipedia page for something called Anna’s Archive that has trended amongst the site’s Top 100 entries for more days than Donald Trump, the United States, and YouTube. In fact, the only page outpacing Anna’s Archive is ChatGPT.

Table of pages trending in the Wikipedia Top 100 this year: ChatGPT 173 days, Anna's Archive 152 days, Donald Trump 151 days.

All this data raises a rather obvious question: What is Anna’s Archive?

After thoroughly researching this phenomenon, I now realize that I am providing free marketing for something that is overwhelmingly illegal. But, whatever, here you go: Anna’s Archive is commonly described as a “shadow library of all books in existence.” The site’s mission is to catalog humanity’s written works and make them freely accessible.

Screenshot of the Anna's Archive homepage, describing itself as the world's largest open-source open-data library.

At first, this sounds noble, like a beloved public library. Except this public library does not require a library card or money and deliberately violates copyright law.

The project’s initial focus was on preservation, but that’s not how it’s being used. What has followed is a long-running game of whack-a-mole: the site is decommissioned, then springs up under a new domain, and is decommissioned once more, and so on.

If you go to the Anna’s Archive subreddit, it’s essentially a series of posts asking where to find the site, with the topmost answer always remaining the same: check Wikipedia.

Screenshot of a Reddit post in r/Annas_Archive reminding users that the site's working domains are listed on its Wikipedia page.

Apparently, Wikipedia is continually updated with the most functional site domain for Anna’s Archive, which explains the page’s persistent web traffic.

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