Disney's first financial results of the Iger II era make us consider the future of Hulu and ESPN. Discovery+ pulls a fast one, Showtime can't dodge its fate, Peacock looks surprisingly robust, and Netflix's password crackdown is stuff you already knew!

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Warner Bros Discovery Abandons Plan To Merge HBO Max With Discovery+ – Report – Deadline

Showtime Merging With Paramount+ in Both Streaming, Linear TV – The Hollywood Reporter

Peacock’s Double-Edged Sword - Puck

Netflix’s US Password-Sharing Crackdown Isn’t Happening—Yet | WIRED

Netflix accidentally posts guidelines for cracking down on password sharing | Netflix | The Guardian

Downstream #13: We covered Netflix and password sharing a year ago!