Streaming leader Netflix (NASDAQ: NFLX) made headlines this week when it announced a new toy line based on its hit series Squid Game in partnership with Walmart (NYSE: WMT). This deal is another layer on top of Netflix's entry into products and other new ventures. It's also a move away from the company's core business of streaming.
It actually looks a lot like one of its main video-streaming rivals, Disney (NYSE: DIS), which has been moving in the other direction, toward streaming. So does this mean that Netflix will be moving into other new areas as well?
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Source Fool.com