'Disney Says It Will Crack Down On Password Sharing, Following Netflix's Lead' - CNBC
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Disney announced plans to crack down on account sharing on its streaming services, following Netflix's lead. The company will share more details later this year and begin implementing measures in 2024. Disney's CEO, Bob Iger, stated that the strategy is a priority for the company. Disney also announced price increases for almost all of its streaming services. The impact of these changes on subscriber growth is yet to be determined.
August 09, 2023 | 9:53 pm
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POSITIVE IMPACT
Netflix's crackdown on account sharing has reportedly added 5.9 million customers during the second quarter. The company had previously stated that account sharing affected its ability to invest in new content.
Netflix's crackdown on account sharing has reportedly led to an increase in customers, which could potentially boost revenues. The company had previously stated that account sharing affected its ability to invest in new content, so this measure could potentially improve its content offering, making its service more attractive to subscribers. This could have a positive impact on Netflix's stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Disney's decision to crack down on account sharing and increase prices for its streaming services could potentially increase revenues. However, the impact on subscriber growth is uncertain.
Disney's decision to crack down on account sharing could potentially reduce the number of users accessing its services without paying, thereby increasing revenues. The price increase for its streaming services could also boost revenues. However, these measures could potentially deter new subscribers, impacting subscriber growth. The net effect on Disney's stock is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100