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 (Joseph De Avila/Wall Street Journal)

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

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

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 …

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.

Wall Street Journal:
Sources: Disney explores a membership program similar to Amazon Prime, bundling streaming, theme parks, and merchandise, and adding commerce features to Disney+  —  Entertainment giant looks to package streaming, parks and merchandise offerings together; aims to add commerce feature to Disney+

Wall Street Journal:
Sources: as subscriber growth slows, Netflix scours its business to cut costs, including managing cloud spend, limiting corporate swag, and hiring junior staff  —  The streaming giant seeks to impose more financial discipline as growth stagnates  —  As Netflix Inc. NFLX 1.67%▲ …