Disney announced on Wednesday that it would be adding Hulu content to its Disney+ streaming app. The announcement was made alongside the company’s fiscal second-quarter earnings, which reported $21.82 billion in revenue, up 13% from the same period last year and beating estimates. Despite losing subscribers during the most recent period, Disney reported that its streaming losses had narrowed year over year.
Disney+ to Include Hulu Content
Disney+ subscribers will soon have access to content from Hulu, thanks to a new partnership announced by the company on Wednesday. The new offering will allow subscribers to access Hulu’s vast library of TV shows and movies directly within the Disney+ app. This move is expected to make Disney+ an even more attractive option for consumers looking for a comprehensive streaming experience.
Price Hike for Ad-Free Streaming Service
In addition to the partnership with Hulu, Disney also announced that it would be raising the price of its ad-free streaming service later this year. The price hike will impact subscribers in the United States and other select markets. Despite the increase, Disney expects the service to remain highly competitive due to its extensive library of content and high-quality user experience.
Disney’s Earnings Report
Disney’s fiscal second-quarter earnings report showed strong performance across the board. The company’s revenue was up 13% from the same period last year, exceeding expectations. The earnings report also highlighted Disney’s efforts to expand its streaming offerings, with the addition of Hulu content to Disney+ being a notable example. Despite losing subscribers during the most recent period, Disney reported that its streaming losses had narrowed year over year.
Conclusion
Disney’s announcement that it will be adding Hulu content to its Disney+ streaming app is a major development for the company and its subscribers. The move is expected to make Disney+ an even more attractive option for consumers looking for a comprehensive streaming experience. Additionally, the company’s strong earnings report demonstrates the success of its streaming strategy and positions Disney as a major player in the industry. While the price hike for its ad-free streaming service may be a disappointment to some subscribers, Disney’s extensive library of content and high-quality user experience make it a highly competitive option in the streaming market.