Disney shares down almost 10% in the last five days after losing 4 million Disney Plus subscribers. Netflix plans to cut $300 million in spending this year for context of streamers operating expenses were around $26 billion last year. The decision is reportedly due to delays and plans to crack down on password sharing in the US.
Kara and Scott discuss Taylor Swift's economic impact, and why there are troubles at Disney Plus and Netflix. Meanwhile, over at Twitter: a new CEO, and a censorship controversy. Also, the Trump Town Hall stirs up internal politics at CNN. Our Friend of Pivot, Senator Mark Warner, stops by to talk TikTok, AI, and the Kids Online Safety Act.
You can find Senator Mark Warner at @MarkWarner on Twitter.
Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot.
Learn more about your ad choices. Visit podcastchoices.com/adchoices