Disney+ and Hulu are Merging

Disney will offer a combination of the Disney+ and Hulu apps by the end of the year, according to CEO Bob Iger on the second quarter fiscal earnings call. The apps will remain available as-is. There will be a price increase. Additionally, some content will be removed from Disney+, presumably to migrate to a free ad-supported streaming service. This is happening amid Disney+ losing 4 million subscribers in the first quarter of 2023, following a loss of 2.4 million subscribers in the final quarter of 2022. Check out a statement from chief financial officer Christine McCarthy here:

“We will be removing certain content from our streaming platforms and currently expect to take an impairment charge of approximately $1.5 to $1.8 billion.”

I don’t know much about streaming service profitability or the stock market. All I know is some of this doesn’t sound that great for the customer, like price hikes and content removal. I have the Disney+/Hulu/ESPN+ bundle, and I’ll probably keep it that way unless the combo app is a better deal, but it doesn’t sound like that will be the case. It’s wild watching a major corporation like Disney struggle to make a profit when the obvious solution is to make content people like. I’m a fan of a lot of Disney content, but the Marvel TV shows have been trash, and Strange World was pretty lame. 

But what do you think? Talk to us in the comments below!

Leave a Reply

Subscribe to our mailing list to get the new updates!