Netflix becoming streamer that 'Disney+ would like to be': Analyst

Netflix's crackdowns on password sharing and pivot towards ad-supported tiers are proving to be revenue drivers for the streaming company. Michael Pachter, Wedbush Managing Director, Equity Research, details Netflix's strategy to maximize average revenue per user — or ARPU — and how it has transformed from a "zero profit, money-losing fast growth company" into a "slow-growth, extremely profitable" company as pressure from competitors has continued to ramp up.