Tsveta, a passionate technology enthusiast and accomplished playwright, combines her love for mobile technologies and writing to explore and reveal the transformative power of tech.
, solidifying its complete control over the streaming platform. This move led to Disney preparing to unveil a unified streaming app that merges Disney Plus and Hulu.), Disney has announced plans to launch the new app in beta for bundle subscribers in December, with the official release set for early spring 2024. This integrated app aims to provide a seamless experience for subscribers of both streaming services.
During the earnings call, Disney CEO Bob Iger emphasized the goal of creating a more cohesive one-app experience domestically. He stated," We expect that Hulu and Disney Plus will result in increased engagement, greater advertising opportunities, lower churn, and reduced customer acquisition costsThe merger of Disney+ and Hulu into a single app opens the door for Disney to potentially launch the Hulu brand globally. Currently, the Disney-operated Hulu service is restricted to the US. Hulu is also available in Japan, but the streaming platform in Japan is owned by Nippon TV, not Disney..
In Q4, Disney's streaming business reported a loss of $387 million, marking a significant year-over-year improvement of 74% from a loss of $1.4 billion in the same quarter of 2022. Iger announced that Disney's streaming business is on track to achieve profitability by the fourth quarter of fiscal 2024.A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative.
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