Disney CEO Bob Iger has announced that Disney+ and Hulu will be merged into one app. This news comes after Q3 financial report in which Disney lost 4M subscribers.
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Plans
Iger has announced plansto bundle Disney+, Hulu,and ESPN+ for a more unifiedstreaming experience and greater opportunities for advertisers.
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Subscriber lossfor Disney+
Most of the loss for Disney hascome from India since the IPL is now broadcast on JioCinema. Moreover, the removal of HBO content is another factor.
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Disney app launch
Disney plans to remove some content from its streaming services and is reviewing its content to align with strategic changes. The Disney app is expected to launch by the end of 2023.
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Hulu
Meanwhile, Hulu offers a varietyof popular TV shows and movies, including 'The Kardashians,' 'Normal People,' 'The Handmaid's Tale,' and 'X-Men.'