The total number of paid subscribers for Disney's family of streaming services exceeded Netflix's total number of paid memberships for the first time in the second quarter of 2022 (Visual Capitalist, Deadline). Netflix's fiscal year aligns with the calendar year, but Disney's fiscal year runs roughly from the beginning of October to the end of September of the following year. For the purposes of this question, we will treat the relevant quarters as covering the same relevant calendar quarters. The outcome will be determined using data as reported by Netflix and Disney (Netflix, see "Letter to Shareholders" (quarterly), https://thewaltdisneycompany.com/investor-relations/, see "Quarterly Earning Reports"). For the second quarter of 2022, Netflix reported 220.67 million while Disney reported 221.1 million (Netflix - FY Q2 2022 Letter to Shareholders, sum "Paid Memberships" under "Regional Breakdown," or 220.67 million; Disney - FY Q3 2022 Quarterly Earnings Report, sum "Paid subscribers" in the first table on page 6, or 221.1 million). Disney's subscriber reporting currently includes Disney+, Hulu, and ESPN+ combined. If Disney sells one of those units, then its total would no longer be included. Likewise, any other acquisitions that Disney includes in its consumer streaming reporting would be included.

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