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Disney Working to Get Streaming Platforms on Technical Par With Netflix, Iger Says: ‘We Need to Be at Their Level’
Disney CEO Bob Iger acknowledged the company is behind Netflix in terms of technical capabilities -- and that it's in the process of catching up.
“We need to be at their level” of technical capability, in order to reduce marketing expenses and cut churn rates, Iger said about Netflix, speaking Tuesday at the 2024 Morgan Stanley Technology, Media & Telecom Conference. A front-burner issue for Iger is the proxy battle being waged by two activist investors — Nelson Peltz’s Trian Partners and Blackwells Capital — who are seeking to displace Disney’s board members with their own candidates. Iger said that discussion around the activist investors shows that “this is a very complex company to run,” encompassing “cruise ships and streaming and movies and TV.” Disney’s different operations require “a significant amount of time and focus.
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