Netflix has struck licensing deals with major toy companies for its hit movie KPop Demon Hunters, which garnered 325 million views in its first three months. Mattel and Hasbro will produce collectibles and games related to the film. This move signals Netflix’s shift from a streaming platform to an entertainment powerhouse. The success of KPop Demon Hunters highlights Netflix’s ability to create and monetize its own franchises. While Netflix stock is pricey, its strong growth potential in the streaming industry makes it a quality investment. Consider joining Stock Advisor for top stock picks.

Read more at Nasdaq: Netflix Teams Up With Hasbro and Mattel to Create New “KPop Demon Hunters” Toys. Does it Signal a Shift in Strategy for the Streaming Giant?