Why Disney's Bob Iger called Netflix 'the gold standard' in streaming

Yahoo Finance05-07

Disney (DIS) CEO Bob Iger praised the company's biggest streaming competitor on Tuesday after detailing plans about its own upcoming crackdown on password sharing. "Obviously, we're heartened by the ...

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Netflix  began implementing its password-sharing crackdown for US subscribers in May after first announcing the initiative in October 2022. It's a classic tale of follow-the-leader as Netflix remains the only consistently profitable streaming service and others in the industry attempt ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4190":"消闲用品","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","NFLX":"奈飞","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4108":"电影和娱乐","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4566":"资本集团","WBD":"Warner Bros. 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It's a classic tale of follow-the-leader as Netflix remains the only consistently profitable streaming service and others in the industry attempt to catch up.\nWarner Bros. Discovery's (WBD) Max streaming service will also begin to restrict password sharers later this year, with a wider rollout expected in 2025, Yahoo Finance confirmed.\n\n\n\n  Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay\n \n\n  REUTERS / Reuters\n \n\nIger said Disney's crackdown will begin next month in select markets with a more global launch slated for September. He first revealed the company will address password sharing last year after noting the number of subscribers sharing accounts is \"significant.\"\n\"We're starting to go after people who are sharing passwords improperly,\" he said on Tuesday. \"We feel quite bullish about it.\"\nIger's comments come as Disney looks to achieve sustained profitability in streaming, a key priority as its linear TV business declines.\nIn the company fiscal second quarter, the direct-to-consumer (DTC) portion of its entertainment segment, which includes Disney+ and Hulu, turned a profit for the first time. Still, the company warned it expects weaker results in that segment for the current quarter.\nAdditionally, not all of Disney's streaming services were profitable in Q2. Including ESPN+, total direct-to-consumer losses amounted to $18 million versus the $659 million loss reported in the year-earlier period. Disney still expects full streaming profitability by its fiscal fourth quarter of this year.\nAlexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.\nFor the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433814637"}