Disney

New estimates show Disney spends more on content than Netflix

Data: MoffettNathanson presentation from Code Media Conference; Chart: Axios Visuals

Michael Nathanson, a well-respected media research analyst, said Monday at Recode's Code Media conference that he estimates that Disney spends the most on content annually, followed by Comcast and AT&T.

Why it matters: There's been a long-standing narrative that Netflix spends more money on content than its streaming rivals, but the MoffettNathanson estimates revealed at the conference dispute that notion.

Disney+ accounts hacked, likely due to password reuse

Photo of a smartphone with a Disney+ logo

Photo: SOPA Images/Getty Images

Hacked Disney+ accounts showed up for sale on dark web criminal markets almost immediately after Disney's new streaming service went live, reported ZDNet.

The big picture: The hijacking of account credentials no doubt came as a shock to the affected users, who suddenly found their passwords changed and their accounts inaccessible. But it's a commonplace occurrence in a world where many users reuse passwords from one service to another.