CNBC Daily Open: Netflix shows how it's done despite earnings miss

Group 1 - Netflix's third-quarter revenue met expectations but earnings were impacted by a tax dispute in Brazil, leading to a 6% drop in shares during extended trading [1] - Despite challenges, Netflix remains the dominant player in the streaming industry, with no immediate threats from other media companies [2] - The success of Netflix's original content, particularly "KPop Demon Hunters," which garnered 325 million views, contributed to its best advertising sales quarter, showcasing its continued influence in the media landscape [3] Group 2 - Warner Bros. Discovery is open to a sale, with Netflix reportedly interested, while the company is undergoing a split into two entities [2] - Comcast's NBCUniversal is spinning off its cable networks, indicating ongoing adjustments within legacy media in response to the streaming era initiated by Netflix [2] - Netflix's ability to generate significant viewership and advertising revenue highlights its effective strategy in the competitive streaming market [3]