Disney CEO Bob Iger Says 'We Invested Too Much' in Streaming

Key TakeawaysDisney shares fell Tuesday after CEO Bob Iger said the company "invested too much" in its streaming business and is making changes to tackle profitability challenges.Some of those measures include driving engagement through new technology features, streaming bundles, an upcoming password-sharing crackdown, and reducing marketing spending.Iger said that Disney's streaming segment has a ways to go before becoming a significant profit source for the company.The company has struggled to find its fo ...