disney

disney

Photo by Silvia Elizabeth Pangaro/ Shutterstock

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Former Disney CEO Bob Iger has joined Thrive Capital as a venture partner on a part-time basis, according to a report in The Wall Street Journal. He’ll advise the firm on potential investments and serve as a mentor to the young companies’ founders and CEOs. Thrive raised around $3 billion earlier this year for its 8th fund.

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Photo by Thibault Penin on Unsplash

Mickey Mouse has won the latest battle in the streaming wars—but at a big cost.

Burbank-based Walt Disney Co. surpassed Netflix in total subscribers after signing up way more customers than expected during its most recent quarter. The strong growth helped boost the company’s share price in after-hours trading on Wednesday and signaled that the streaming market isn’t nearing saturation yet—despite the recent doom and gloom surrounding the business.

Yet Disney also lost $1.1 billion on streaming during the fiscal third quarter, much more than the roughly $300 million lost this time last year. That’s likely a big reason why the company also announced price hikes for Disney Plus—its flagship streaming service— as the entertainment giant tries to generate more revenue from the money-losing business.

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Photo: Decerry Donato

Move over, WALL-E: Guests at Walt Disney’s parks could soon use robotic lockers that follow them around the venue to carry their belongings.

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