Netflix got 3.5 million subscribers in June which is their best month of sign ups in years. It looks like Netflix made two brilliant bets

1. Creating a cheaper subscription tier with ads.

This tier now makes them more money than no ads tier.

2. Clamping down on account sharing which converted a bunch of freeloaders into paying customers.

Disney TV on the other hand is in distress. They want to sell ABC & FX and will lose $800 million streaming this quarter 😫 https://www.bloomberg.com/news/newsletters/2023-07-16/bob-iger-shifts-from-building-an-empire-to-a-disney-yard-sale