One major result of Netflix's rise is that the TV format for entertainment is starting to be seen as on par with or better than the feature film format.
There's something obvious about this from a viewer's standpoint. People are naturally drawn to abundance and regularity. Rather than having 100 discussions about which movie to watch together with my wife over the course of a year, then find that only 20 or so of them are on Netflix, and maybe 5 of them turn out to be stinkers, we can simply pick a show we both know is about a B+, and watch 100 episodes, not ever being disappointed. Also, if I watch the pilot of a great show, then I know I have a whole season to go through, with days of entertainment. If I watch a great movie, then welp, I've just watched a great movie and maybe in a few years there will be a sequel.
From an artistic standpoint, there are freedoms that open up due to having established characters, routine plot conventions, etc. There was an article on HN a while back where Conan O'Brien mentioned that this is why he did exactly the same walk to the stage every single night, or something of that nature.