Capital
Netflix Earnings, Business or Franchise, Disney’s Deal
Stratechery (free posts) · Oct 21, 2026 · 6:00 AM ET
Netflix has a solid business, which is exactly the problem: the company increasingly seems like a business and not a franchise, at least in terms of growth.
Why it scores
Rules judge: Capital item; Topics: small business; Source: Stratechery (free posts).
Builder score 50
0 to 100: how useful this is for building or owning income-producing assets, digital or physical. Not a rating of how big the news is.