Netflix’s password-sharing crackdown is paying off as profits beat Wall Street’s forecast
LA TimesNetflix had a hit with “Avatar: The Last Airbender,” featuring Kiawentiio, left, Gordon Cormier and Ian Ousley. Netflix has remained the dominant subscription streaming platform in part because of its content prowess with licensed titles, such as “Suits,” and original programs, including international productions, K-dramas, reality shows, live events and sports documentaries. Other popular titles include the fantasy adventure movie “Damsel,” drama “Griselda” and romantic limited series “One Day.” Rivals are still trying to match Netflix’s recommendation technology. Walt Disney Co. Chief Executive Bob Iger called Netflix’s technology the “gold standard.” “We need to be at their level in terms of technology capability,” Iger said at a Morgan Stanley conference this year. The company also is investing in live events and sports-related content, including signing a major deal with the WWE to bring its flagship weekly pro wrestling show “Raw” to Netflix in January.