Read the passage below and determine which of the following statements can be correctly inferred from the text. Passage: Netflix revolutionized the entertainment industry by transitioning from a DVD-by-mail service to a global streaming giant, introducing binge-watching culture and original content production. Its aggressive expansion forced traditional cable providers to pivot their business models and paved the way for competitors like Disney+ and Amazon Prime Video. However, as it expanded, Netflix faced mounting debt to fund its original programming and criticism over its password-sharing crackdowns and rising subscription costs. While Netflix remains a market leader, the increasing cost of content acquisition and intensifying competition have made its long-term dominance a subject of debate among analysts. Statements:
I. Netflix’s shift to streaming fundamentally altered consumer habits and the competitive landscape of the media industry.
II. Netflix encountered operational and reputational hurdles as a result of its growth strategies and policy changes.
III. Netflix’s lead in the market is guaranteed to continue indefinitely due to its early entry into the streaming space.