Disney CEO Bob Iger's Vision for Tech and Profit in Streaming Industry
Monday, 18 March 2024, 12:00
CEO Bob Iger Acknowledges Technology Gap
The veteran CEO, Bob Iger, confessed that Disney's technology was trailing behind Netflix, impacting marketing expenses and viewer engagement.
Profit Potential and Market Dynamics
Netflix's operating margins and free cash flow success illustrate the importance of technology capabilities.
Disney's Streaming Business Evolution
- Disney aims to achieve profitability in streaming by 2024 through cost-cutting methods and strategic sports streaming deals.
- Partnerships with Warner Bros. Discovery and Fox offer new avenues of profit potential for Disney's streaming services.
The combination of improved infrastructure and Iger's leadership positions Disney to be a dominant force in the streaming market.
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