Bob Iger Says This Streaming Platform Is The Gold Standard, Praises Rival For Cracking Down On Password Sharing: 'We're Heartened By The Results That Netflix Has Delivered'
Portfolio Pulse from Ananya Gairola
Bob Iger, CEO of Walt Disney Co (NYSE:DIS), announced a global crackdown on password sharing, taking inspiration from Netflix Inc (NASDAQ:NFLX), which he referred to as the streaming 'gold standard'. Disney plans to start implementing this policy in select markets next month, with a global rollout in September, expecting it to contribute to future growth. This move follows Netflix's reported success with its own password-sharing crackdown, which led to increased engagement and new user registrations. Disney's Q2 earnings showed a slight revenue growth and a notable adjusted EPS beat, with varied performance across its entertainment, sports, and experiences segments.
May 08, 2024 | 2:47 am
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Disney's crackdown on password sharing, inspired by Netflix, aims to boost future growth. Q2 earnings show slight revenue growth and an EPS beat.
Disney's initiative to curb password sharing is expected to positively impact its subscription numbers and engagement, similar to Netflix's experience. The Q2 earnings beat and the strategic focus on technology and content quality further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Netflix's successful password-sharing crackdown serves as a model for Disney. Netflix's strategy has led to increased engagement and subscriber growth.
Netflix's positive outcomes from its password-sharing crackdown, including higher engagement and subscriber growth, highlight the effectiveness of such measures in the streaming industry. This sets a precedent that could influence broader market dynamics.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80