Disney+ and Hulu to be combined into a single app for U.S. subscribers by end of year
In this photo illustration, a hand holding a TV remote control in front of the Disney+ logo on a TV screen.Disney said it plans to combine Disney+ and Hulu into one app for U.S. subscribers by the end of 2023.
In an email to employees following the call, Iger said the move is a "logical progression" of Disney's direct-to-consumer offerings. Ongoing strength at its theme parks and an improving streaming business propelled Disney to higher profits and revenue in its fiscal second quarter. For the three months ended April 1, Disney earned $1.27 billion or 69 cents per share. That compares with $470 million, or 26 cents per share, a year ago.
In Disney's fiscal first quarter, sales at its parks, experiences and products division grew 21%, while revenue for the unit housing its movie business inched up 1%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney+ and Hulu to combine into one app for US subscribers by end of yearDisney CEO Bob Iger announced plans to combine Disney+ and Hulu into one app.
Read more »
Disney will bring Hulu content into Disney Plus and raise its ad-free pricesDisney is finally combining Hulu and Disney Plus into the same app
Read more »
Is Disney Creating a 5th Theme Park at Disney World?And will it be called Force World?
Read more »
Disney Earnings: Streaming Losses Shrink and ARPU Rises, Disney+ Subscribers Fall to 157.8MHigher prices did not seem to materially impact the Disney+ domestic subscriber base even as the service lost subs due to international arm Disney+ Hotstar.
Read more »
Disney stock falls as Disney+ subscribers decline amid push to lose less money in streamingAfter adjusting for restructuring costs and other effects, Disney reported fiscal second-quarter net earnings of 93 cents a share, down from $1.08 a share a year ago. $DIS declined after the earnings report showed Disney+ subscribers declining recently:
Read more »
Disney to increase price of ad-free streaming again, while adding Hulu content to Disney+ and removing some showsWalt Disney Co. will put Hulu content on its Disney+ streaming service in the U.S. and increase the cost of ad-free Disney+ subscriptions this year.
Read more »