Disney is banking on a password crackdown and spate of sequels as it pushes to make its streaming business profitable.
The company, which is under pressure as audiences move away from traditional pay-TV and cinema, said it was on track to meet its goals after new subscribers and price rises helped to narrow losses in its streaming business.
I know I’m just an anecdote but Netflix had some ridiculous deal where I paid $75 for a year of Starz and I got Netflix for free. So they got to pretend like they didn’t lose me when in reality I was imminently going to quit due to the password crackdown.
So much of modern business is just hoodwinking investors into thinking infinite growth is possible.