Netflix Inc (NASDAQ: NFLX) surpassed estimates with its third quarter financials as it continued to pivot towards an ad-supported membership model to keep its rivals at bay, including Disney+ from Walt Disney Company (NYSE: DIS) and Amazon Prime from Amazon.com Inc (NASDAQ: AMZN).
Considered as one of its main threats even before it officially entered the streaming scene, Disney has finally reached the profitability shore with its streaming business during the third quarter. Moreover, Disney achieved profitability across its combined streaming business a quarter ahead of its previous guidnace But even the world’s biggest entertainment company needed a page from Netflix’s book when it comes to streaming, as Disney followed Netflix's footsteps in deciding to crack down on password ...