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

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 competitors like Warner Bros. Discovery and Comcast [2] - The success of Netflix's original content, particularly the film "KPop Demon Hunters," which garnered 325 million views, contributed to its strong advertising sales in the third quarter [3] Group 2 - Warner Bros. Discovery is considering a sale, with Netflix reportedly interested, while the company is also undergoing a split into two entities [2] - Comcast's NBCUniversal is spinning off its cable networks, indicating ongoing adjustments in the legacy media landscape as it adapts to the streaming era initiated by Netflix [2] - Netflix's ability to generate significant viewership and advertising revenue showcases its continued influence and operational success in the media industry [3]