Wall Street Journal:
Bob Iger, CEO of Walt Disney from 2005 to 2020, joins VC firm Thrive Capital, founded by Joshua Kushner, as a venture partner — As a venture partner, Iger will identify new investments and mentor founders in day-to-day role — Netflix Hit a Subscriber Peak, Here’s How It Plans to Keep Growing
Alex Weprin / The Hollywood Reporter:
The Walt Disney Company’s board announces that Bob Chapek will step down as CEO, and Bob Iger will return to take his place, effective immediately — Disney’s board of directors announced the move Sunday evening.
Sarah Krouse / Wall Street Journal:
Bob Iger returns to a more competitive and challenging streaming landscape and should steer Disney+ to profitability without cannibalizing Disney’s other units — Incoming CEO championed Disney+, but needs to steer streaming business toward profitability without cannibalizing other Disney units
Peter Kafka / Vox:
Former Disney CEO Bob Iger says the company found that “a substantial portion” of Twitter’s users were “not real”, when Disney considered buying Twitter in 2016 — Bots were fine. Nastiness wasn’t. — Elon Musk wanted to buy Twitter. Then he decided he didn’t.
Todd Spangler / Variety:
Netflix plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing — Netflix will no longer share projected subscriber targets in upcoming earnings reports — a closely tracked metric among investors …
Joseph De Avila / Wall Street Journal:
Disney rolls out ad-supported Disney+ for $7.99 per month; the ad-free version will now cost $10.99 per month, up from $7.99 — The overhaul of Disney+ comes after a slowdown in subscriber growth for streaming services — Walt Disney Co. DIS .68%increase; green up pointing triangle rolled …
Lauren Forristal / TechCrunch:
Disney hit 235.7M global streaming subscribers in its Q4, above Netflix’s 223.1M in its Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M — Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers …
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