"It's high time given the technology available to us that we connect to them directly," Iger said Tuesday following the release of earnings. "We believe ultimately that our ability to generate revenue and grow profits will be greater than the business models that we currently have."
3. -- Netflix Inc. (NFLX) shares tumbled 4.4% in premarket trading Disney said it would pull its content from the streaming service.
Disney is responsible for roughly 30% of all Netflix viewing in the U.S., Bloomberg reported, citing a company executive.