GOOGL - Disney Following Netflix's Footsteps Out Of App Stores? Bob Iger Demands Better Deals From Apple Google | Benzinga
Walt Disney Co (NYSE:DIS) CEO Bob Iger has voiced his concerns about the revenue share with major tech companies, including Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG).
What Happened: Iger expressed his dissatisfaction with the current revenue-sharing model at the MoffettNathanson-hosted conference. He pointed out that Disney is losing a significant portion of its earnings to the Big Tech app stores that distribute its streaming services, such as Disney+ and Hulu, reported Business Insider.
“We have to look at the way we’re distributing,” Iger told analyst Michael Nathanson at a MoffettNathanson-hosted conference. “Unlike Netflix, we distribute largely through third-party app stores. There’s obviously an advantage to that to some extent, but there’s a cost to that, too. And we’re looking at that.”
He mentioned that Disney’s distribution model is different from that of ...