💨 Abstract

Bob Iger has returned as Disney CEO in 2022 with a focus on making streaming profitable. Disney reported its second straight quarterly profit for the streaming business, boosted by cost-cutting, password-sharing crackdown, and a subscriber increase. The company aims to have its streaming business drive profit growth and challenge streaming giants. A turnaround started by Iger, with Disney cutting back on streaming content spending after losses under previous leadership, is paying off.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖