Five years ago this week… Netflix’s Q3 2019 results delivered a story of profitability, which at the time was relatively unheard of in streaming, with net income of $665 million for the quarter, after reporting a boost to 158.3 million global subscribers. However, investors were getting twitchy over Netflix’s rising content spend, with additions to streaming content assets topping out at $3.65 billion. Five years later, any concerns over spending have been obliterated, with quarterly profits exceeding $2 billion. Netflix’s Q3 2024 results are due out later today. Faultline will analyze these in detail next week. Vivendi plans to separate from Canal+, with shareholders set to vote on the split in December 2024. Canal+ will remain a French entity, with…