How Disney Is Using Tech to Catch Up to Netflix

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 17 July 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Disney spent years trying to attract new customers to its streaming services. Now it's making changes aimed at getting those customers to spend more time glued to the screen. WSJ reporter Robbie Whelan joins Tech News Briefing with more on how Disney is attempting to accomplish this by taking a page out of Netflix’s book. Plus, electric vehicles could help dealers rev up sales through faster replacement cycles and more frequent repairs. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:19.0	Welcome to Tech News Briefing. It's Wednesday, July 17th. I'm Zoe Thomas for the Wall Street Journal.
0:28.0	E.v. are starting to resemble consumer electronics in some ways. The tech is improving rapidly and they depreciate quickly.
0:37.0	This could be good news for car dealers.
0:40.0	Plus, Disney is pushing its streaming business to reach profitability, and it's making technical improvements meant to keep viewers glued to their screens.
0:50.0	We'll tell you how Disney is taking a page out of Netflix's book.
0:54.0	But first, back in 1976, the average age of cars on American roads was just over six years.
1:05.0	New car sales accounted for nearly 10% of car registrations.
1:10.0	By 2019, the average car age had doubled.
1:13.6	Consumers held on to their vehicles longer or bought used cars.
1:18.4	Electric vehicles could upend this.
1:21.1	Our herd on the street columnist Jinjou Lee is here to tell us what this could mean for the auto industry.
1:27.0	So Jinjou, why are EVs more likely to be replaced than gas-powered cars?
1:32.0	So if you think about EVs, they're sort of more like consumer electronics in some ways.
1:37.0	The technology on them keeps improving very quickly, which means they become obsolete more quickly.
1:43.5	Another aspect is that the repair costs on them are pretty high
1:47.7	compared to gas vehicles, and at the same time,
1:51.3	they have been depreciating very quickly.
1:53.7	So for example, a brand new EV that you bought at the beginning of 2022
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