Posted 4/4/2024, 3:11:15 PM
Disney Cracking Down on Password Sharing, Eyes Streaming Industry Consolidation After Shareholder Vote Backs Iger
- Disney to start cracking down on password sharing for its streaming service starting June to boost subscriber growth and profitability
- CEO Bob Iger signals need for consolidation in the crowded streaming industry
- Investors backed Iger and Disney directors, defeating activist investor push for change from Nelson Peltz
- Iger says Disney taking succession planning "very seriously" after strengthening hand with shareholder win
- ESPN holding talks for finding a strategic partner to build out its digital future