Speaking as someone in the UK, I find the rise of the tech giants in streaming to be something to worry about rather than celebrate. I can see how for US residents all this US originated content is exciting. For the rest of the world it's concerning, at the very least.
I subscribe to Netflix and enjoy plenty of shows on there (all US based as the UK content is virtually all stuff that's previously aired on UK terrestrial TV) but 90+% of what I want to watch is made by UK production companies. It's good to watch content from cultures and countries outside ones own realm, however the bulk of what I want to view is UK based, because that's where I live.
UK content providers are not going to be able to compete with the huge cash reserves of the tech giants in the States and I see a future where localised content outside the USA is very limited - a rounding error on a West Coast balance sheet.
I'm generally a glass-half-full optimistic person but a future where the power of Apple, Netflix, Amazon, Disney etc control what the whole world watches just makes me utterly depressed.
I agree. It's cultural imperialism. I think France is right demanding local content, and the EU should demand it as a whole.
Netflix has a wider variety though, I enjoy it quite a bit.