The Walt Disney Co. is considering restricting account sharing for its streaming services, similar to Netflix's approach. CEO Bob Iger announced plans to update subscriber agreements with "additional terms" on sharing, followed by implementing strategies to drive monetization in 2024. Iger hinted at the significance of password sharing on Disney's streaming platforms. Netflix previously introduced a policy requiring sharing accounts among people in the same household, aiming to reduce widespread password sharing. Disney's direct-to-consumer segment, including Disney+, Hulu, and ESPN+, generated $5.5 billion in Q3 revenue with a 9% increase YoY, but Disney+ experienced a decrease in subscribers for the quarter. The company aims to make its direct-to-consumer business profitable by the end of fiscal 2024.
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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.
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