Netflix last disclosed about 325 million subscribers. Disney last disclosed about 219 million across Disney+ and Hulu. Both companies have stopped publishing quarterly headcount. This paper's Monday scoreboard said the war they advertise is no longer the metric they manage. Tuesday that still holds. [1]

TheWrap's August stack of Q2 filings is the better ledger. Netflix profit rose 9 percent to $3.4 billion. Combined Disney+ and Hulu revenue grew 11 percent to $5.5 billion, less than half Netflix's streaming take. Disney is the first legacy player whose streaming revenue has overtaken linear. It still warned that domestic entertainment ads would soften in the fourth quarter. [1]

Josh D'Amaro's shop is wiring Disney+ as the front door to parks, ESPN, and commerce, with a unified Disney+ and Hulu app due by year end. Netflix narrowed full-year revenue to $51 billion to $51.4 billion and still aims to double ad revenue to $3 billion. [1][2]

Peacock posted its first quarterly profit, $189 million. Paramount and Warner Bros. Discovery are trying to merge their way into second place, a $110 billion deal delayed into a 2027 attorney-general trial. Ampere expects the global subscription market to pass $165 billion in 2026 with growth slowing toward 2 percent by 2030. [1][3]

The land grab is over. What remains is price, ads, and who owns the remote. Headcount was the wartime metric. Yield per household is the peace metric. Peace is more expensive.

-- CAMILLE BEAUMONT, Los Angeles