Disney confirmed plans to merge Disney Plus and Hulu into the same app, with a beta test to start in December - what you need to know.
Subscribers who pay for Disney Plus and Hulu access should be happy to hear the two platforms will be available in a single app next month. However, the upcoming app will be a beta test ahead of a wider rollout planned for the first quarter of 2024. Disney CEO Bob Iger confirmed the move during the company's earnings call for the September quarter.
The CEO expects Disney's streaming business to be profitable again by the fourth quarter of fiscal year 2024. For the September 2023 quarter, which is the fourth fiscal quarter of 2023, Disney reported a net gain of 4 million Disney Plus subscribers. This helped the service reach more than 150 million users. However, Disney still reported a $384 million operating loss for its streaming services during the period. The figure concerns Disney's entire streaming business.
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