Disney’s Disney Plus and Hulu combo streaming app is on the way. As part of your fourth quarter earnings resultsDisney announced that it will release the new app in beta for bundle subscribers in December, with the official launch coming in early spring 2024.
“We remain on track to roll out a more unified single-app experience nationwide, making extensive general entertainment content available to subscribers through Disney Plus,” Disney CEO Bob Iger said during the conference call. about company results on Wednesday. “We expect Hulu and Disney Plus to drive higher engagement, greater advertising opportunities, lower churn, and reduce customer acquisition costs.”
Even though Disney implemented price increases on its streaming services in October, Disney Plus surpassed 150 million global subscribers this quarter, and streaming losses narrowed to $387 million. Disney has also not yet forgotten about its planned crackdown on password sharing. It’s still unclear when that will happen, but Iger noted that its “planned launch” won’t have a “significant impact” on its streaming business until 2025.
The earnings mark nearly a year since Iger replaced Bob Chapek as CEO, but Iger mentioned during an earnings call Wednesday that he still has some housekeeping to do. “As I reflect on our accomplishments of the past year, I am mindful of the fact that a lot of time and effort went into fixing…certain decisions made in the recent past and addressing the many challenges brought on by the disruption and the pandemic,” Iger said. .
Disney has had a lot going on in recent months. Earlier this month, Disney announced that it will buy Comcast’s 33 percent stake in Hulu for more than $8 billion, giving Disney full ownership of the streamer. It also struck a deal with Charter, allowing the cable company to bundle Disney Plus subscriptions with its Spectrum TV packages, while paving the way for similar deals.
