The change will begin to roll out by the end the year. The change will begin to roll out by the end of the year.
While we continue to offer Disney+, Hulu and ESPN+ as standalone options, this is a logical progression of our DTC offerings that will provide greater opportunities for advertisers,
” Bob Iger explained during Disney’s quarterly earnings call, “while giving bundle subscribers access to more robust and streamlined content, resulting in greater audience engagement and ultimately leading to a more unified streaming experience. The advertising potential of this combined platform is incredibly exciting.“While Disney owns the majority stake in Hulu, Comcast still owns a third of the streaming company. Comcast can use its put option in January 2024 to require Disney to purchase the remaining third or Disney can use its buy option for Comcast to sell. Disney would need to come up with at least $9 billion to buy Comcast’s one-third stakeRelated
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Bob Iger stated that Disney has not yet decided whether or not to purchase Comcast’s stake in Hulu. However, for the time being, he sees a benefit from joining forces. “
” Iger added that he’s had some “cordial” conversations with Comcast.However, CFO Christine McCarthy added that Disney is in the process of reviewing the content on its services and “will be removing certain content from streaming platforms” in future. It is still unclear which movies and shows will be cut. Disney+ subscribers may see another price increase as Bob Iger said that its ad-free tier would go up but added that they would keep the price of the ad-supported tier “modest.