We now have a clearer idea of when the Disney Plus password-sharing crackdown will begin. Speaking with CNBC, CEO Bob Iger said Disney will be "launching our first real foray into password sharing" in June, first bringing the clampdown to "just a few countries and a few markets, but then it will grow significantly with a full rollout in September."During Disney's first-quarter earnings call in February, the company announced plans to enforce new account-sharing policies by implementing a fee for Disney Plus ...

CNBC's Jim Cramer on Thursday updated his ranking of major media stocks, putting Fox at the top of the list, trailed closely by Disney.Five months ago, Cramer ranked Disney as the best, with Fox in second, followed by Warner Bros Discovery and then Paramount. But according to him, it's time to revisit this ranking because it's been a busy week in the industry."The proxy fight at Disney came to an end yesterday, with Disney fending off legendary activist investor Nelson Peltz's bid for two board seats. There ...

Activist investor Nelson Peltz, reflecting on his losing proxy battle with Disney, says he will “watch and wait” to see if the company will keep its promises. If not, he told CNBC in an interview Thursday, “you’ll see me again.” Asked by host Jim Cramer if reports were true that his firm, Trian Fund Management, had made $300 million on its Disney investment, Peltz called that figure “dramatically wrong.” When Cramer wondered if the gains were actually in the $1 billion range, Peltz replied, “that sounds mo ...

Bob Iger, chief executive officer of The Walt Disney Co., attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Tuesday, July 11, 2023.Nelson Peltz's proxy battle was a "distraction," and Disney can now focus on trying to turn a streaming profit and planning succession, its CEO Bob Iger said on CNBC's "Squawk on the Street" on Thursday, just one day after handing a stinging defeat to the activist investor."One of the things that I feel great about right now is, put the victory ...

Walt Disney’s streaming service will start cracking down on password-sharing from June, Chief Executive Bob Iger said Thursday, as the entertainment conglomerate looks to boost subscriber growth and profitability at the business.Iger also said there was a need for some consolidation in the streaming industry and Disney was eventually looking at double-digit margins in streaming, in a wide-ranging interview with CNBC.CEO Bob Iger said there was a need for some consolidation in the streaming industry. AFP via ...

Bob Iger took a victory lap this morning, a day after the company fended off activist investor Nelson Peltz in a fierce proxy battle. In an interview on CNBC, he said the fight had one positive, getting the company in closer tough with investors as it lobbied for its board slate. Peltz didn’t have much strategically to offer but he dug in on succession, as the cable net’s David Faber did today. “Clearly shareholders care about it, given what the company has been through,” Iger acknowledged, noting that a b ...

Key TakeawaysDisney shares were moving higher early Thursday, after falling more than 3% the previous session, as investors contemplate what lies ahead for the company after winning its proxy vote battle.Shareholders voted to re-elect all 12 of Disney's current board members at the entertainment giant's annual meeting on Wednesday, rebuffing bids from activist investors Trian Partners and Blackwells Capital to win board seats.Disney shares may encounter overhead resistance around $126.50 from the August 202 ...

Don’t feel the need to jump into the crowded technology plays just because you’re worried about being left behind, as most others around you cash in on high-tech themes such as generative artificial intelligence or augmented reality. There are more than one or two ways to make money in the market, after all! One of those ways is via blue-chip stocks.While such emerging technologies will create generational wealth-building opportunities, loading up on the hot stock of the day could lose you money if you don’ ...

Disney could change significantly in the next year. Here's how.Against seemingly long odds, Disney (DIS -3.13%) has staged a surprising comeback. Shares of the entertainment giant have jumped more than 50% off the low they hit last year, and keep pushing higher to set new 52-week highs.Disney hasn't vanquished the challenges that pushed its stock to a nine-year low last year, but it has convinced investors that it's on the right track. Revenue, for example, was flat in its most recent quarter, but Disney se ...

In this articleDISBob Iger, CEO, Disney at the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, IdahoDavid A. Grogan | CNBCDisney shareholders overwhelmingly voted to keep the company's current board intact during Wednesday's annual meeting, suggesting they believe current CEO Bob Iger has a plan to boost shares and install a strong successor.Now, Iger will have to prove it, or he risks facing yet another activist campaign this time next year.Iger can show progress in a number of areas ...