00:00 It's Benzinga and here's what's on the block.
00:02 The Walt Disney Company is considering restricting account sharing for its streaming services
00:06 similar to Netflix's approach.
00:08 CEO Bob Iger announced plans to update subscriber agreements with additional terms on sharing,
00:13 followed by implementing strategies to drive monetization in 2024.
00:16 Iger hinted at the significance of password sharing on Disney's streaming platforms.
00:21 Netflix previously introduced a policy requiring accounts to be shared among people living
00:24 in the same household, aiming to reduce widespread password sharing.
00:28 Disney's direct-to-consumer segment includes Disney+, Hulu, and ESPN+ generated $5.5 billion
00:34 in Q3 revenue with a 9% increase year-over-year, but Disney+ experienced a decrease in subscribers
00:39 for the quarter.
00:40 The company aims to make its direct-to-consumer business profitable by the end of fiscal 2024.
00:45 For all things money, visit Benzinga.com.
00:47 [BLANK_AUDIO]
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