Disney+ Will Shut Down in December, Losing Hundreds of Millions

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Disney+ Will Shut Down in December, Losing Hundreds of Millions
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As part of an entertainment giant that has been struggling to connect with audiences, as indicated most recently by the flop of 'The Marvels,' which was criticized for its woke trailer, the streaming service Disney+ will soon be a thing of the past, Disney CEO Bob Iger said.

As part of an entertainment giant that has been struggling to connect with audiences, as indicated most recently by the flop of "The Marvels," which was criticized for its woke trailer, the streaming service Disney+ will soon be a thing of the past, Disney CEO Bob Iger said.

As a recent earnings report reportedly shows, Disney's attempt to corner the streaming market has failed despite increasing subscription prices and removing original content. Now, Iger seems determined to follow through on a promise of shutting down the streaming service and replacing it. Iger's plan responds to the need for a more competitive edge in streaming and addresses the broader content range that Hulu brings to the table, which is not exclusively family-oriented.

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