With corners of the media industry in upheaval, Netflix makes clear it's staying out of the fray

Netflix Adds Over 8 Million Subscribers in Q2, Reaches 277 Million Global Customers #

Netflix reported strong growth in the second quarter, with over 8 million new subscribers and a total of 277 million global customers. The company’s focus is on capturing market share from traditional TV, rather than competing with YouTube. While smaller competitors like Paramount Global and Warner Bros. Discovery face uncertainty, Netflix remains unfazed. The company believes it has room to grow by delivering better content, improving discovery, and expanding into areas like live streaming, gaming, and advertising. Netflix sees itself as a major player in the $600 billion entertainment industry and aims to capture a larger share of the 80%+ of TV time not covered by Netflix or YouTube.