(NEXSTAR) – Tired of too many streaming apps? Disney CEO wants to cut them down.
Disney currently offers three streaming services. One is Disney+, home to various Disney movies and shows. Hulu: Hulu originals and tomorrow’s episodes from multiple networks. ESPN+ features live sports, studio shows, and series.
CEO Bob Iger said on Wednesday’s earnings call that Disney plans to build a “one app experience” that will incorporate Hulu content into Disney+ by the end of the year. He called it “the logical evolution of our DTC”. [direct-to-consumer] Offering,” CNBC report.
All three of Disney’s streaming services will remain independent, Iger said.
Additionally, Disney will increase the price of its ad-free Disney+ plan, which is currently $10.99. The costs for that tier and other tiers are: increased at the end of last year.
Hulu subscription price I was raised last year. Disney has not yet announced how much a single-app subscription will cost.
Audiences in some countries have already found some Hulu content in the Disney+ app, according to The Barge.
Warner Bros. Discovery recently announced similar plans. Integration of streaming services HBO Max and Discovery+to create Max.
Disney’s announcement comes after the company reported strong second-quarter earnings on improved theme park and streaming businesses. Still, the company lost four million streaming subscribers to its Disney+ service and its stock fell 4.5% in after-hours trading.
An entertainment giant in the midst of “”.strategic restructuringis working to cut approximately 7,000 jobs as part of its $5.5 billion cost reduction target across the company.
The Associated Press contributed to this report.
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