Disney (DIS) reported third quarter earnings results on Wednesday, with revenue missing expectations and adjusted earnings slightly beating estimates. The company announced on its earnings call that it will be raising the prices of its streaming services and begin to crack down on password sharing in 2024, following the likes of streaming competitors such as Netflix (NFLX).
Truist Securities Analyst Matthew Thornton tells Yahoo Finance Live a lot of streaming services, including Disney, "are really thinking through what are the right price points, what is the right tiering structure, how do we lay in advertising in an accretive way?" Thornton states subscriber growth numbers won't just sit at numbers from years prior because "the law of large numbers are starting to set in here."
