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Marketplace All-in-One

Disney’s streaming service to crack down on password sharing

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 4 April 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

Disney CEO says password crackdown coming in June; Boeing pays Alaska Airlines $160 million for Max problems; Kiss sells catalog to virtual concert creator; initial jobless claims rise to two-month high, but are still historically low.

Transcript

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0:00.0

Another crackdown on password sharing.

0:04.0

I'm Novasafo with the Marketplace Minute.

0:06.0

Disney CEO Bob Eiger tells CMBC.M.C.

0:09.0

that the company's streaming service will begin cracking down starting in June.

0:13.0

Eiger is under pressure to improve profit margins.

0:15.7

He beat back an activist investor challenge at the company's annual shareholder meeting yesterday.

0:20.8

Alaska Airlines says it received $160 million in compensation from Boeing during the first three months of the year.

0:28.0

The airline expects more compensation for lost profits.

0:31.0

And Alaska operated Boeing Maxjet lost a door plug mid-flight in January.

0:36.5

All Max Plains were temporarily grounded.

0:39.1

The band KISS has sold its catalog in a deal estimated to be worth more than 300 million dollars.

0:44.7

The buyer is the virtual concert creator Pop House Entertainment.

0:49.5

Initial claims for unemployment benefits last week rose to a two month high, still that's not saying much as they've been remarkably low.

0:56.0

Initial claims totaled 221,000. Continuing claims were steady at 1.8 million.

1:01.0

I'm Novasafava with a marketplace minute.

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