CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Netflix’s

business leaders and investors probably aren’t enjoying a soda pop after the release of its third-quarter results. While the company’s revenue met expectations — though not beating them as it did the first and second quarters — earnings were taken down by a tax dispute with Brazilian authorities. Shares of Netflix fell around 6% in extended trading Tuesday stateside.

But it doesn’t look like any other media company will dethrone Netflix as the king of streaming in the near term. Warner Bros. Discovery