During Disney’s Q4 2024 earnings report, CEO Bob Iger accidentally disclosed that 37% of US Disney+ users are on the ad-supported tier, totaling around 20.7 million subscribers. This is slightly higher than the global average of 30%. Despite the unintentional reveal, Disney’s revenue increased by 6% year-on-year to $22.57 billion, driven by successful movie releases and a rise in streaming subscriptions.
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Trump’s FTC will approve an ad merger — with a gift to Elon Musk’s X
The Republican-led Federal Trade Commission (FTC) is set to approve Omnicom's $13.5 billion merger with Interpublic Group, contingent upon a ban on steering ad spending based on political viewpoints. This unusual provision addresses concerns raised by Congress and Elon Musk regarding past advertiser boycotts against platforms like X, ensuring advertisers can still request avoidances without Omnicom enforcing political bias. Need More Context? 🔎
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